Personal Finance guide

Are you in the market to refinance your mortgage? Most likely, you’re searching for information and analyzing about how to go about refinancing your mortgage. All homeowners know that the lower your interest rate is and the more secure and stable your lender is, then the better your refinance will be. However, there are some additional tips that can help you and this article will discuss them.

You may be like most homeowners in knowing that it can be difficult to determine when to refinance your mortgage. At times, refinancing can offer financial benefits for the home owner. But, at other times, doing so can be counterproductive. Continue reading ‘Mortgage Refinancing: Suggestions and Advice’ »

Feldman Law Center – News by Feldman Law Center – For all the negatives that have been written about loan modifications, and there have been a lot, the option is far and away the best option for struggling homeowners trying to stay in their homes and preserve their credit scores. As property values have plummeted, the possibility of selling or refinancing the home has been erased. That leaves foreclosure, a short sale, or short refinancing as the remaining options outside of a loan modification for homeowners to resolve their issues with their lenders. All of those options do extreme damage to credit scores and stay on the homeowners’ credit report for a minimum of seven years.

A home loan modification is basically a change in the terms of a homeowner’s existing mortgage with the objective of bringing the monthly mortgage payment back in line with the homeowner’s current financial situation. By modifying the existing mortgage, the transition doesn’t affect the credit score of the homeowner. Additionally, the credit score of the homeowner does not carry much weight in the modification process.

Continue reading ‘Feldman Law Center – Home Loan Modifications as Homeowners Best Option’ »