Bad News: Loan Modifications Can INCREASE Your Mortgage Payment!

Bad News: Loan Modifications Can INCREASE Your Mortgage Payment!

Posted by wickedcopy on Jan 25, 2012 in Facing Foreclosure, Home Financing Information | 0 comments

“Loan Modification.” To a struggling homeowner, those words are music to their ears. …Or are they really? Sure, a loan modification sounds like a dream come true. Homeowners who are failing (or barely able) to make their monthly mortgage payments often assume that a loan modification may be the answer to their...

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Should I Get a Loan Modification?

Should I Get a Loan Modification?

Posted by wickedcopy on Jan 6, 2012 in Facing Foreclosure, Home Financing Information | 0 comments

Loan modifications took center stage in 2011, but will it stay that way in 2012? Homeowners who are struggling with their mortgage payments naturally turn to the idea of a loan modification as the answer to their prayers. It’s no wonder: you see ads for home loan modifications all over the media. So-called “loan...

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Second Mortgages – Charlotte NC Real Estate & Finance

Posted by Leigh Brown on Dec 9, 2009 in Real Estate News | 0 comments

With interest rates at an all time low, you might be considering taking out a second mortgage on your home. A second mortgage is a loan that’s secured by real estate that already has a first mortgage. The equity in your home determines the maximum amount of a second mortgage. Equity is the difference between what is owed on...

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Loan Modification in Lieu of Foreclosure – Charlotte North Carolina

Posted by Leigh Brown on Oct 27, 2009 in Real Estate News | 0 comments

Due to the current state of our economy and the credit crisis spreading across the prime mortgage sector, many borrowers who were previously considered lower risks are now facing foreclosure.  At the same time, properties held as collateral by the banks are continuing to lose market value. The bottom line is that foreclosure...

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