mortgage payment rates: Upside Down?
- 03/13/10 06:23 AM
I don't mean are you standing on your head...I mean your mortgage. That is the term that lenders use to describe a homeowner that has a larger mortgage owed than the value of the home itself. You may qualify for a mortgage modification even if you are up to 25% underwater. Simply stated your home might be worth $100,000 and you owe $125,000.00 and qualify for a mortgage modification to help you keep your home. Check this link to see if you qualify for a mortgage modification. http://makinghomeaffordable.gov/evaluator.html Want to know more options to save your home and/or credit...live in the … (2 comments)
mortgage payment rates: Going Going Going-Gone!
- 07/11/09 03:21 AM
The first time buyer program is not going to be here forever....in fact December 1st. is it. Nobody knows if it will be extended or expanded but one thing is for certain if you don't take advantage of it you could miss the deal of the decade or even century. I read a recent article about the consumers thinking 5% loans are to high.....what a shame that reality and experience never happen together! The reality is 6% is a great interest rate for a mortgage. So anytime a buyer can get any mortgage for under 6% they have done very well. One … (2 comments)
mortgage payment rates: Have you heard the News? 93% working and only 1.77% foreclosure rate
- 08/15/07 12:32 PM
Have you really heard the news? We hear all the figures on how bad things and how the market is really in a slump, and look at all the forclosures. Here are some facts for you. 93% of the workforce is working so that means 7% isn't and the math is easy. It also means that some of the 7% don't want to work and probably some of the 93% don't want to work too! Michigan has been ranked #5 in the nation for foreclosures but the number of loans failing is 1.77%. Now that means that over 98% of people are paying … (14 comments)
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I don't mean are you standing on your head...I mean your mortgage.
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