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Features of Reverse Mortgage Loans
Housequestionthumb A reverse mortgage is special type of loan for senior homeowners that use a home's equity as collateral and you do not have to repay the loan as long as this home remains your principal residence. Because a...
Tags: MortgageHomeownerThriftyFinancial
Obama Loan Modification Plan Explained
Pastduesm The key components of Obama's foreclosure-avoidance program are loan modification and loan refinancing. The details of this provision has created an extraordinary opportunity for millions of people to either...
Tags: HomeownerThriftyMortgageStaff Pick
Loan Modification: Is it Right For You?
Scalehousesm What is loan modification? How is it different than refinancing a mortgage and what does it take to qualify for a lenders loan modification program. What is loan modification? President Obama recently...
What is Foreclosure?
Foreclosurethumb In order to purchase your house you probably had to borrow money from lending institution (bank, mortgage company, etc). When you signed the load documents you agreed that in the event you cannot make your...
How To Save On Closing Costs
Homecashsm Many are shocked when they learn how much they owe to close on their mortgage. But there are ways to save before you sign on the dotted line. Closing costs seem to be a necessary evil when securing a new, or...
Tags: HomeownerStaff Pick
FHA Streamline Refinance FAQ
Housequestionsm This FAQ will answer your questions about the FHA Streamline Refinance program which was created by the FHA to make it quick and easy to refinance your existing FHA loan. What is the FHA Streamline Refinance...
Tags: HomeownerFHA LoanMortgage
FHA Refinance Loan Options and Guidelines
Fharefism There are two possible scenarios when considering an FHA refinance. Both of these scenarios are based on what kind of current loan you are trying to refinance. FHA Refinance First Step The first step in...

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