Louie Latour asked: Many homeowners fall on hard times with their finances at one time or another. Loss of a job, divorce, illness, or the death of a family member can quickly put your budget under water. Fortunately, you have a number of options to reduce or even defer your mortgage payments. Here are several [...]
David Sklonic asked: Those seeking to obtain a new mortgage or refinance their existing home loan have the option to consider government mortgage grants to help come up with the financing they need. These funds are available through various state and local agencies, and can provide up to $20,000 in cash grants that never have [...]
Michael Petrone asked: President Barack Obama has enacted a mortgage stimulus plan which will allow millions of homeowners the opportunity to refinance their home mortgage into a 4.5% fixed rate. This “Home Affordability Program” will give homeowners the chance to save hundreds of dollars per month. Here is how:Currently, there are numerous grants available to [...]
Rick Smith asked: Are you a good borrower who has struggled recently with late mortgage payments because your adjustable loan was reset to a high rate, or because of a temporary financial hardship?The good news is that you may be able to take advantage of the FHA Secure refinance program and get into a 30 [...]