Securing a Home Loan
Securing a home loan may be a bit more challenging today than it was just a few years ago. You’ve heard the buzz regarding the lending industry, and you are probably wondering whether you are eligible to receive a home loan.
Here are five tips for securing a home loan in today’s strict lending environment:
1. Order a copy of your credit report – Credit is king when it comes to home loans, so the best first step is to….
Read more »Avoiding Foreclosure
If you are experiencing financial difficulties and cannot make your next mortgage payment, or if you are already behind, you need immediate help. Contact your lender as soon as possible. Explain why you are having a financial hardship and express the desire to work it out.
Precautionary steps you can take to regain control of your finances and bring your mortgage current:
* Take advantage of free….
Read more »Considering Bankruptcy???
Bankruptcy and Chapter 7
Whether you are totally panicked or just considering your options, it will be comforting to know that the changes to the bankruptcy laws in 2005 didn’t totally eliminate bankruptcy as an option. The law simply made it more difficult to wipe your financial slate completely clean under Chapter 7 if the government feels you can handle the repayment of your debts under credit counseling or potentially under…
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