What is a Short Sale?
A Short Sale is a method a property owner can use to sell their home and avoid foreclosure. A Short Sale is a situation when a home owner owes more than the propeties selling price.
LOAN MODIFICATIONS:
Loan Modification – Pros and Cons
Loan Modification – 995Hope.org
Mortgage Forbearance – Pros and Cons
Forbearance Ending – Next Step
Hard Money Lender – Pros and Cons
Filing Bankruptcy to Avoid or DELAY Foreclosure
Refinance vs Loan Modification
Loan Modifications:
- Lowers your monthly payments and keeps you in your home
- Prevents or delays foreclosure
- Is not a new loan (like refinancing). Modifies your existing loan.
- Not as damaging to your credit as foreclosing
- Not all lenders offer loan modification
- May lower your interest rate or increase loan term or change from adjustable rate to a fixed interest rate
What is mortgage forbearance?
Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.
LOAN MODIFICATIONS:
Loan Modification – Pros and Cons
Loan Modification – 995Hope.org
Mortgage Forbearance – Pros and Cons
Forbearance Ending – Next Step
Hard Money Lender – Pros and Cons
Filing Bankruptcy to Avoid or DELAY Foreclosure
Refinance vs Loan Modification
Loan Modifications:
- Lowers your monthly payments and keeps you in your home
- Prevents or delays foreclosure
- Is not a new loan (like refinancing). Modifies your existing loan.
- Not as damaging to your credit as foreclosing
- Not all lenders offer loan modification
- May lower your interest rate or increase loan term or change from adjustable rate to a fixed interest rate
What is mortgage forbearance?
Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.
LOAN MODIFICATIONS:
Loan Modification – Pros and Cons
Loan Modification – 995Hope.org
Mortgage Forbearance – Pros and Cons
Forbearance Ending – Next Step
Hard Money Lender – Pros and Cons
Filing Bankruptcy to Avoid or DELAY Foreclosure
Refinance vs Loan Modification
Loan Modifications:
- Lowers your monthly payments and keeps you in your home
- Prevents or delays foreclosure
- Is not a new loan (like refinancing). Modifies your existing loan.
- Not as damaging to your credit as foreclosing
- Not all lenders offer loan modification
- May lower your interest rate or increase loan term or change from adjustable rate to a fixed interest rate
What is mortgage forbearance?
Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.
LOAN MODIFICATIONS:
Loan Modification – Pros and Cons
Loan Modification – 995Hope.org
Mortgage Forbearance – Pros and Cons
Forbearance Ending – Next Step
Hard Money Lender – Pros and Cons
Filing Bankruptcy to Avoid or DELAY Foreclosure
Refinance vs Loan Modification
Loan Modifications:
- Lowers your monthly payments and keeps you in your home
- Prevents or delays foreclosure
- Is not a new loan (like refinancing). Modifies your existing loan.
- Not as damaging to your credit as foreclosing
- Not all lenders offer loan modification
- May lower your interest rate or increase loan term or change from adjustable rate to a fixed interest rate
What is mortgage forbearance?
Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.