If you find yourself paying out more each month than you are bringing in it may be time to consider consolidation of debt to reduce the monthly obligations. Many times people get in over their head and just need some breathing room to get themselves back on a [...]

An adjustable-rate mortgage (ARM) is “a loan with interest rates that are adjusted periodically based on changes in a pre-selected index after a set fixed-rate period. As a result, the interest rate on your loan will rise and fall with increases and decreases in overall interest rates.”
There you have it. The official definition of an [...]

The VA loan is one of the most popular loan programs in America – with over 14 million veterans and military members taking advantage of this benefit since the end of World War II. What makes VA loans so appealing when refinancing are the relaxed credit requirements and higher refinancing and cash-out refinancing amounts that [...]

Let’s say you have a home that’s worth $150,000 and you owe $100,000 on the mortgage. That means you have $50,000 of equity in your home, which is like having $50,000 in a savings account. A cash-out refinance allows you to access that equity. For instance, if you need $10,000, you can refinance your mortgage [...]

Myth: Everyone can qualify for a loan modification – regardless of their ability to pay their existing mortgage or their previous pay history.
Fact: Loan modifications are intended to prevent foreclosures for borrowers who are in default or are in imminent danger of default. If you qualify for a refinance now, you will NOT qualify for [...]

Interest-only home loans are great for keeping your mortgage payment low and flexible.
By paying just the interest payment, you free up cash each month because you don’t have to pay the principal, too. The flexibility to pay the interest only one month and the principal and interest the next puts you in control of your [...]