Posts Tagged ‘finance’
LoanMod.com is featured in WXYZ Channel 7’s Financial Survival segment.maxine waters loan modification blues
Sunday, November 15th, 2009
http://www.uinline.comPersonal Finance : Steps to Refinancing Your Mortgage
Saturday, November 14th, 2009
In order to refinance a mortgage, it’s important to shop for rates at different banks, as well as to turn an adjustable rate into a fixed rate. Learn about reducing mortgage terms with help from a financial services manager in this free video on refinancing a mortgage.
Expert: Matthew McKillen
Contact: www.excelmortgage.com/
Bio: Matthew McKillen brings 21 years of industry experience in arranging loans for his clients.
Filmmaker: Christopher Rokosz
Duration : 0:1:33
What Can [Loan Modification] Do For You?
Friday, November 13th, 2009
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http://loanmodificationhelp.blogspot.com Free Loan modification strategy ebook. A loan modification is when the lender modifies your current mortgage in order to work with you because of a hardship. The purpose of a loan modification is to help make your loan more affordable.
Usually it is in the form of a rate reduction, principle reduction and/or a fixing of the rate for a certain amount of time. You can avoid or stop foreclosure with a good loan modification.
Loan modification programs are designed for homeowners regardless of your equity position. If you are upside down on your home or have been recently turned down for a refinance, there is help available to you. You can modify your loan into new payments you can afford.
An attorney which specializes in loan modifications knows exactly what the lender needs and knows how to negotiate on your lowest payment on your mortgage settled.
Loan modifications are the altering of the characteristics of a loan without refinancing or in order to prevent foreclosure.
These are the people that a loan modification program will help stop foreclosure and keep you in your home.
An attorney based loan modification program will force the banks loss mitigation department to analyze your situation in order to modify your loan into something that the bank and yourself can agree upon.
No matter what situation you are in, an attorney based loan modification program can help you tremendously!
If you owe more than your home is worth there is a good chance that attorney based loan modification specialists, will be able to force them into lowering your principal balance as well as your interest rate
A Loan modification attorney will analyze your loan documents and your financial situation. If they find a violation you will be saving hundreds of thousands of dollars over the life of your loan.
There are basically three ways you can address your loan modification needs: Yourself, thru a civilian modification service and thru an attorney based service. There is a very wide variety of homeowners qualify for loan modification.
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Duration : 0:8:32
Loan Modifications with Pre Paid Legal
Friday, November 13th, 2009
DON’T SPEND THOUSANDS OF DOLLARS FOR A LOAN MODIFICATION WHEN YOU CAN DO IT YOURSELF WITH A LITTLE HELP FROM YOUR PREPAID LEGAL ATTORNEY FOR ONLY $35.95…TO ENROLL IN THE PRE-PAID LEGAL SERVICES AND GET YOUR MEMBERSHIP…VISIT BUSINESS PRO 21 @ WWW.BUSINESSPRO21.COM
Duration : 0:7:56
How To Avoid Forclosure
Friday, November 13th, 2009
firstamericantv.com
If you are unable to make your mortgage payment, don’t ignore the problem.
The further behind you become, the harder it becomes to pay off the loan. Try to pay it off as soon as possible. Contact your lender as soon as you realize that you have a problem. Lenders do not want your house, they want your money. There are options to help borrowers through difficult financial times.
Make sure you open and respond to all mail from your lender. The first notices you receive will offer good information about foreclosure prevention. Later mail may include important notices of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.
Know your mortgage rights. Find your loan documents and read them so you know what your lender can do if you can’t make payments. Learn about the foreclosure laws and timeframes in your state, as every state is different. Contacting the State Government Housing Office. Prioritize your spending. After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses-cable TV, memberships and ……….
Duration : 0:2:16
First Time Home Buyer Loan, $8000 Tax Credit, FHA Low Down Payment Mortgage Assistance Program
Friday, November 13th, 2009
Tax Credit for First Time Home Buyer Mortgage and Government Assistance Program to Help Home Owners Finance a Real Estate Loan with Low Down Payment and Interest Rate. Go To http://RealEstateMarketingThisWeek.com
Part 5 (Excerpt)
Inventory of foreclosed homes may be declining soon Home sales double in last year
So we are back in studio today with Dan Havey. Dan and I have known each other for many years and we have worked very close over the years in real estate. Dan and I are not necessarily 100% in agreement with where the market is today and whether we are at the bottom or not. I tend to believe that we are. Let me tell you my thinking on this.
Dan uses actual facts and figures to make his prognostications. Heres what I know, I know that Fannie Mae and Freddie Mac have put a moratorium on foreclosures. What that means is that they are slowing the supply of repos. What that means is that they are putting fewer homes on the market, which means the supply has been reduced to a 9 month supply of resale homes on the market. The builders are gearing up, getting ready to start building again, but they are not building again just yet. Thats a great indicator.
Interest rates couldnt be better. They havent been better than they are now, so not only can you buy a house at the same price you would have paid for that house in 2002, but you are going to get a significantly lower interest rate then it would have been then. Effectively a house today is going to cost you less than it would in 2002, with the interest rate and the home value being what they were. Now if property values do continue to increase and the average rate of 4%, your internal rate of return on your investment will increase exponentially.
One of the things that Dan Havey did say, and I kind of think you need to pound on this a couple of more times is this, you dont buy a house for you and your family as an investment, you buy a house because you want to live there, because you want to raise your family there, because its right for you. The investment part of it will come in time on its own. For now owning a home, owning that dirt, raising your family, making your new memories, is the best thing in our opinion that you can do.
Dan, why dont you take a minute and talk about the year over year numbers that you have. Well, there is a number of things I agree with you on Michael and one of the things I was really surprised by when I started looking at the numbers the other day is that since June of 2008, so 7 or 8 months ago, since then, year over year sales actually increased and in many cases have doubled. So lets just say for a specific example if there were 5,000 sales in Maricopa County in June of 2008 that would mean that there were 2,500 a year earlier, and so anytime you see an increase in sales year over year and especially when you see this big of an increase, 100% increase year over year for most all of the last 8 months, that is a huge indicator that the market is starting to recover. Now there are other factors as Michael said, the builders are not quite building yet, but I like the fact that there is the moratorium in many cases now on the foreclosures going through, and with the Mortgage Bailout Bill that came out today part of it was $75 Billion that they were going to throw at Fannie Mae, Freddie Mac, and all of the other lenders who received TARP funds to help modify loans.
One of the requirements is if the lender, Fannie, Freddie, or the servicer is working with the home owner they have to stop the foreclosure process, so hopefully what this is going to do is over the next six months its going to help out millions of people. I am not quite sure how they are going to get all of these loans done, there are an awful lot of people that need to have their loans modified, but even if they can just help some of these people to delay the foreclosure sale, help these people get their loans modified.
First off it is going to help keep people in their homes but the biggest thing from the standpoint of property values and first time home buyers is that its going to start taking some of that supply off the market there are going to be less repos out there for people to buy and because of that property values are going to begin to stabilize and quit dropping…
Duration : 0:5:43
$8000 Tax Credit for First Time Home Buyers, Government Mortgage Down Payment Assistance Program
Thursday, November 12th, 2009
First Time Home Buyer Tax Credit of $8000. Government Loan Program & FHA Mortgage w/Low Interest Rates and Fees. Low Down Payment to Purchase Lender Owned Foreclosures. Go To http://RealEstateMarketingThisWeek.com
Part 1 (Excerpt)
Interest rates hit bottom, first time home buyers should buy before the prices go back up
We have a special guest back in the studio today. Dan Havey has been a great promoter for Velocity Financial . Dan and I have been working together for about 14 years now. Dan has brought with him some really, really interesting facts and figures for people who are wondering whats happening, wondering if we are at the bottom of the market, wondering how much further we are going to have to go. We are going to talk about lots of different things like that. Hes got some really good information, in my opinion some good stuff, some good solid data to make some good decisions about whether or not you should or should not buy right now.
So, Today was the official day that President Obamas Plan was rolled out. It was designed to help some 8 to 9 million homeowners, responsibly homeowners they called them, people who purchased homes at the peak of the real estate market with 20% or more down. The plan is just so darned convoluted, it is very complicated, people are calling wondering whats real, whats not real, whats going to happen. The bottom line is about 19% of all the homes were financed utilizing Fanny Mae or Freddie Mac financing. People, who have Fanny Mae or Freddie Mac loans, these conventional type loans, that put 20% down, that used full documentation, which means tax returns to qualify for the loan, those are the only people that are actually going to be helped with this program, and there are so many little caveats to it. I believe its not going to help nearly the number of people as intended. Its very unfortunate that its just not going to be as popular as we thought.
The other thing that people were hoping for, and we have heard this a lot that they are waiting for mortgage rates to get down to 4%, it is not going to happen. If you are out there ready to refinance but holding out waiting for rates to get back down to 4% you need to get off the fence and get something done now. The trend is upward, mortgage rates are going to go up, yes the Fed is buying mortgage backed securities so that should help a little bit. The reality of it is 4% is just not going to happen in this lifetime, so if you are in the middle of the process find something that works good for you and make it happen.
The other thing we are going to talk a lot about today is when rates do go down, which there very well may be a little dip in the next couple of weeks everyone tries to rush in and take advantage of that rate and thats not really what you should do. What you should do is get in with your lender and get the information to them now so they can start working on your loan, put your case together and have everything ready to go so if the rates do drop you will be ready to execute immediately. Interest rates are really good and we are going to spend a lot of time talking about interest rates and how to buy a home, first time home buyer programs and things like that today. But I just had to mention that I get this question all the time when can I lock in 4 and a half or 4%? Well there you go thats my prognostication I am certain that I am right but we will just have to see as time goes on…
Duration : 0:5:32
Foreclosure Prevention – Dollhouse
Tuesday, November 10th, 2009
An estimated one million families will face foreclosure this year. Not only do foreclosures have a disastrous financial impact on a family, but they also have harsh consequences for entire communities. Just one or two boarded-up homes can send a residential block into a downward spiral, driving down property values and leading to increased crime, rundown schools, and flagging economic growth.
Studies show that roughly 50% of delinquent borrowers avoid contact with their lender hoping the problem will go away. Further, more than 6 in 10 delinquent homeowners are not aware of services that mortgage lenders can offer a person behind in their mortgage.
This campaign will encourage homeowners at risk of losing their homes to call 888-995-HOPE, where they will find quality counseling and financial advice from a trusted, third-party nonprofit on the opportunities available to avoid foreclosure.
Duration : 0:0:30
Loan Modification Experts SCAM (**BEWARE**)
Tuesday, November 10th, 2009
While I was helping at the “Foreclosure Prevention and Rescue Fair” in San Jose, a company came with some agents and passed out flyer hoping to PROFIT from troubled homeowners. However, their flyers were intercepted and thrown away.
This is a converstation with one of the agents listed on the flyer. This agent quickly tried to take credit for the community event which he had nothing to do with.
View this event at:
http://www.youtube.com/watch?v=XsO8reznqLI
At the event loan modifications were done at no charge by HUD approved counselors. There is no need to pay a fee to so called “loan modification experts” that you see on the internet and on YouTube. Don’t fall victim to another scam, contact a HUD approved counserlor if you need a loan modification.
More information at:
sccrealestateuncensored.com/2008/what-is-a-loan-modification/
sccrealestateuncensored.com/2008/loan-modification-foreclosure-prevention-event-in-san-jose/
micasamidinero.com/2008/que-es-una-modificacion-de-prestamo/
micasamidinero.com/2008/modificacion-prestamos-prevencion-foreclosure-san-jose/
Duration : 0:4:38