mortgage Archives -

Student Loans are Making it Hard to Get a Mortgage

Posted On October 12, 2020
Categorized In Credit Cards, Debts, Negotiations, & Settlements
Written By Jim Mielke

Recent college graduates receive heavy social pressures from friends or family about when their timeframe for purchasing their first home. However, they might discover that those same student loans that allowed them to finish their studies are now holding them back from purchasing their own home. The National Association of Realtors recently published that 83 percent of the non-homeowners state that student loan debt prevents them from buying a home.

What Does It Mean To Get A Reduction In The Principal Due On My House?

Posted On October 25, 2017
Categorized In Bankruptcy, Credit Cards, Debts, Negotiations, & Settlements
Written By Chris

A mortgage payment is made up of several components. The total payment made each month can be broken down into principal, interest, and escrow. The principal figure is the amount of the loan, or the purchase price. The interest is the amount added to the principal and is determined by

Should I Stop Making My House Payment If I Want A New Mortgage?

Posted On October 24, 2017
Categorized In Bankruptcy, Credit Cards, Debts, Negotiations, & Settlements
Written By Chris

When homeowners are not able to make their house payments without difficulty, it is time to start looking for options to get rid of debt or reduce current expenses. There are several ways to do this, and one of the most well-known options is to file for bankruptcy. Bankruptcy is

The Top Two Ways To Change Your House Payment

Posted On October 17, 2017
Categorized In Bankruptcy, Credit Cards, Debts, Negotiations, & Settlements
Written By Chris

Many Americans bought into the “American Dream” of home ownership only to be staring down large house payments years after signing on the dotted line. And for many, the monthly house payment is the single largest expense to pay every 30 days, leaving very little money left over for other

How To Avoid A Crisis With Your Money

Posted On August 3, 2017
Categorized In Bankruptcy
Written By Chris

No one likes to live in crisis mode, whether it is having to figure out how to get the kids to and from their after school activities when the car is in the shop or burning the midnight oil studying for a test or preparing for a presentation at work

Why A DIY Approach To A Mortgage Modification Is A Bad Idea

Posted On July 7, 2017
Categorized In Bankruptcy
Written By Chris

Never before in recent years have there been more sources for how to complete a do it yourself project. You can google nearly any task and find a variety of videos to watch, or a step by step guide on how to get a project done the way you want.

Three Good Reasons To Modify Your Mortgage

Posted On July 6, 2017
Categorized In Bankruptcy
Written By Chris

If you are short on your house payment each month, one of the things you should consider is asking your lender to modify your mortgage. A mortgage loan modification is a good way to change the terms of your mortgage, without having to go through the requirements of a refinance.

Can I Modify My Mortgage In Bankruptcy?

Posted On June 28, 2017
Categorized In Bankruptcy
Written By Chris

The single most expensive payment most families have each month is their house payment. A good rule of thumb is to spend no more than 25% of your take home pay on your mortgage payment, but many Americans exceed this limit. This may be because most people take into consideration

Will I Still Owe On My House If It Goes To Foreclosure?

Posted On December 22, 2016
Categorized In Bankruptcy
Written By Chris

A foreclosure is a legal way for the bank to take back your house if you are not making your mortgage payments. Many times, when the bank is successful in foreclosing on your home, the home is resold by the bank in an attempt to recoup the loss taken on

Who Holds My Mortgage And Why Does It Change?

Posted On June 22, 2016
Categorized In Credit Cards, Debts, Negotiations, & Settlements
Written By Chris

Have you ever received your monthly mortgage statement in the mail and wondered who the lender was and why they were sending you mail? Many times the mortgage lender you originally make payments to when you first purchase your home does not stay the same the entire length of your

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