HAMP Loan Modification Program Extended
Created in 2009 to help out struggling homeowners, HAMP (Home Affordable Modification Program) has helped about 1.4 million homeowners modify their mortgages to avoid foreclosure. Read More
What is a Zombie Foreclosure?
When a homeowner receives a notice of foreclosure, it’s not unusual to pack up and move out as quickly as possible. That hasty decision may not be wise however, because many unforeseen complications can occur Read More
How Foreclosure Affects Your Credit Score
While many date the recent financial crisis from 2008, the reality is that there was a build up to that crisis. Prior to the events that took place in the fall of 2008, a mortgage market crisis was building in the form of increasing foreclosures. Read More
What Exactly Is A Mortgage?
Mortgages are thought to be home loans used to finance the purchase of a home. The word mortgage has become a generic term used to refer to a loan secured by real property because most mortgages occur as a condition for new loan money. Read More
Home Appraisal Q&A: 13 Real Estate Appraisal Questions
Getting a home appraisal is always an important part of buying a home and a requirement for getting a mortgage. Major changes have taken place during the last decade to the way appraisals are ordered and performed. Read More
How Mortgage Insurance Works
When you buy a home with a mortgage, the lender is on the hook. A financial institutions lets you borrow money to make a huge purchase, fronting the money so that you don’t have to. Read More
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