Posts belonging to Category 'Mortgage Relief'
October 1, 2009 | Posted by Staff
Mortgage refinancing is the replacement of a valid mortgage contract with a new mortgage agreement with brand new terms. Loan refinancing is a term used to describe to the replacement of any loan obligation with a new obligation with new terms. It is normally used to describe replacement property loans. The proceeds of refinanced agreements [...]
Categories: Mortgage Relief | 
Tags: HARP, Home Affordable Refinance Program, home loan relief | 
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September 28, 2009 | Posted by Staff
Mortgage modification describes the process by which the borrower and lender work together to alter the original terms of a mortgage contract. Generally any type of loan can be modified with certain terms altered but it is mostly utilized with mortgage loans. Home loan modifications have over the last year jumped in usage as a [...]
Categories: Mortgage Relief | Tags: HAMP, Home Affordable Modification Program, home loan relief, loan modification | No Comments »
September 19, 2009 | Posted by Staff
One of the simplest and yet most important thing you can do to protect yourself from losing your home is to keep up to date on the terms of your mortgage agreement. By reading your mortgage statement monthly you will be aware of your payment status and be able to quickly respond to changes. If [...]
Categories: Mortgage Relief | Tags: fixed rate mortgage, interest only mortgage, mortgage statement | No Comments »
September 19, 2009 | Posted by Staff
As the housing market continues to struggle amidst depressed prices and rising unemployment many home owners find themselves struggling to make regular payment on their homes. For many people the problem is twofold; just as home prices are experiencing a dip monthly payments are rising which can make it difficult to take out another loan. [...]
Categories: Mortgage Relief | Tags: ARM, convertible ARM, mortgage assistance, mortgage statement | No Comments »
September 19, 2009 | Posted by Staff
During the current recession there has been no sector hit as hard as the housing market. Home prices in many parts of the country have taken tumble and many homeowners struggle to keep up with their mortgage payments. The problem has become so widespread that the government and many agencies have decided to offer support [...]
Categories: Mortgage Relief | Tags: HAMP, HARP, Home Affordable Modification Program, Home Affordable Refinance Program, Making Home Affordable Program | No Comments »