Loan & Credit

Aug 27 2018

Loan Modification Programs: How to Qualify and Apply, loan modifications.#Loan #modifications

Loan Modification Programs: How to Qualify and Apply In order to avoid foreclosure, your lender may agree to modify some or all of the terms of your loan. A loan modification is a negotiation between you and your lender. It begins by contacting your mortgage company, discussing your problem, and proposing a solution that involves modifying the loan. The purpose of a mortgage modification is to get your monthly payment to a more affordable level. An affordable mortgage payment is typically defined as 31% of the borrower s monthly gross income. So for example, if you earn $4,200 a month, …

Aug 27 2018

Loan Modification Programs That Work – An Overview of Options For Homeowners, loan modification programs.#Loan #modification #programs

Loan Modification Programs That Work An Overview of Options For Homeowners There are many different types of loan modification programs out there today. For the most part, you have a couple options depending on your lender. These are outlined below. Almost every lender has an in-house mortgage modification program. This is simply your lenders own program that is approved under their own guidelines. Every lender is different, so every in-house program is a little different as well. They are often very similar to government programs described below. Most people apply for a government program with their lender and if that …

Aug 27 2018

FHA Government Loans – FHA Loan Programs, fha home loan.#Fha #home #loan

fha home loan First Time Home Buyers searching for loan assistance can now take advantage of FHA Government Loans First Time Home Buyer Programs that can require as little as 3 % down. Read more » FHA Refinance Programs (now at the lowest rates in 22 years) The past few weeks have been a joy ride for homeowners looking to refinance, with refinance rates and FHA mortgage rates all dipping. Homeowners have scrambled to get their mortgages modified to ease debt pressure. With the proactive help from the government, even banks have been able to keep FHA loans rate as …

Aug 27 2018

Values – Capitalism – What Actually Happens When You Raise the Minimum Wage – Values – Capitalism, pink slip loans.#Pink #slip #loans

What Actually Happens When You Raise the Minimum Wage Contrary to popular belief, raising the minimum wage won’t make everyone richer, but it will make a great deal of poor people poorer—or more accurately, out of work. Advocates for raising the minimum wage are attempting the impossible, because it is impossible to change the value of a thing by mere fiat. If a particular McDonald’s employee earns the company $10 an hour, but the law forces McDonald’s to pay him $15 an hour, the employee won’t get any richer, but he will get fired. Across the country, the world’s most …

Aug 27 2018

FHA Loan Requirements, Home Loans for Bad Credit, GovHomeLoans, fha home loan.#Fha #home #loan

fha home loan It takes less than 30 seconds to move toward homeownership. And it is free. Let us help you. FHA Loan Requirements FHA Loan Guidelines The FHA or Federal Housing Administration is not a lender of funds but rather it backs mortgage loans that are offered by banks and other lending institutions. This mortgage insurance to the lender allows them to offer more loans, and offer the mortgage loans with lower guidelines than conventional loans. Read more below for a condensed overview starting with four items that really separate the FHA loans from the other models. The FHA …