What is a mortgage?
A mortgage is a loan that is given to a debtor by a financial institution to pay for a house. There are many types of mortgages out there but there are 2 that are most prominent, “fixed rate mortgage” and “adjustable rate mortgage”. The definitions of these 2 types of mortgages are [...]
Since economic crisis hit the American people, numerous homeowners found themselves struggling to make their monthly mortgage payments due to the increase of their interest rate or because of significant income reduction. On many instances, families face the horrifying threat of losing their homes in foreclosure.
Solution were offered by President Obama’s Home Affordable Modification Plan(HAMP). [...]
It has been one of the most disturbing times in the history of our Country and many people have lost their homes and others are struggling to keep theirs. Part of this is due to the fact that mortgage lending spent more time in making loans than educating the applicants the pros [...]
