Tag Archive: mortgage foreclosure help

Jan 09

Mortgage Rate Prediction for 2013

2013MortgagePredictions

Fixed rate loans have been predicted to rise to 4.5% by the end of 2014. According to the October forecast by the MBA, the mortgage rates will stay fairly consistent throughout the next couple of years and will make a slow progression to 3.8% at the end of the year. In 2013, the rates have …

Continue reading »

Dec 10

Tax Deductions and their Impact on the Mortgage Sector

Tax Deductions and their Impact on the Mortgage Sector

In order to reduce the budget deficits, both democratic and republican parties seem to agree that eliminating certain tax breaks is the way to go. Homeowners are allowed to deduct mortgage interest from their yearly tax. When the tax cuts come under congress’ microscope, mortgage interest deduction will most likely be discussed. The authorities may …

Continue reading »

Nov 15

Homeowners Disappointed with the Independent Foreclosure Review Program

An estimated 4.4 million homeowners were deemed eligible for the Independent Foreclosure Review that provides  a chance to have an “independent” third party review their foreclosures. After numerous claims of mistakes and abusive servicing practices, bank regulatory authorities and mortgage companies came up with the program to ensure transparency in foreclosure. However, the results have …

Continue reading »

Oct 29

Should You Request Mortgage Forbearance?

Requesting ForbearanceSuccessful Foreclosure Defense

Our series continues by exploring the topic of mortgage forbearance and the information homeowners should know when requesting forbearance. Homeowners facing imminent foreclosure can request their lending financial institution to delay the foreclosure, and can catch up with their payments within an agreed upon time frame in order to avoid the foreclosure altogether. The delaying of the …

Continue reading »

Oct 15

Is Mortgage Repayment the Right Option for You?

Are You Eligible For Reinstatement?

The second last and much awaited article in our series on important terms used in the mortgage industry has finally arrived. In this article, we shall discuss mortgage repayment, its benefits, and if it is the right option for you. Homeowners who suffer a short term financial hardship and miss a few payments  usually struggle to …

Continue reading »

Older posts «