This great article is from Paul Oehm with Banc Group Mortgage Corporation and I thought it was important to get the information out as quickly as possible. Revised February 17, 2009 Just signed and sealed…a $787 Billion Stimulus Plan made up of tax cuts and spending programs aims at reviving the US economy. Although [...]
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Credit Pain What happens to your credit score if you stop making your monthly mortgage payments? I found out some useful information from Tim Duval, a Mortgage Loan Consultant, with WrStarkey Inc. Short Sale: A short sale will strongly hurt your credit score. The vast majority of lenders will not approve you for a mortgage [...]
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Not able to Make Your Mortgage Payment? Terms to Know before Talking To Your Lender. If you are struggling to make your mortgage payments, you may want to discuss your concerns with your lender. Below is a list of terms that may help you in your communication. Loan Modification: If you can prove you are [...]
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