Category Archives: Mortgage

The 6 Techniques to Spend Off Your Mortgage Quicker

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The mortgage company may oppose this motion. If the court decides that the fair market value of the home is below what is owed on the first mortgage, the second mortgage is “stripped” from the home and the debt associated with the second mortgage is made an unsecured debt (essentially being treated like credit card debt).

Under existing Bankruptcy laws, debtors are not able to force a first mortgage to modify the terms of the mortgage on loans for their primary residence. In the past, the mortgage lenders have vehemently opposed such a change.

Removal of a 2nd Mortgage Through Chapter 13 Bankruptcy

It just depends on your financial situation and how badly you want to pay off your mortgage.Regardless of your situation, however, there is always a way to pay off your mortgage that will work for you.The 6 Methods To Pay Off Your Mortgage:1 – Use the “Mortgage Loophole Report” that has recently been publicized (report info below)2 – Get a biweekly payment plan (it may not sound like much but it actually will pay off your mortgage quite well)3 – Make an additional payment to principle each month (the most common way to pay off a mortgage)

Your payment will be lower and you’ll have more money to pay off your mortgage with.

Bank of America Mortgage Modification New Program For Homeowners

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Mortgage Interest Rate Predictions For 2010-2011

So many people want to predict where the mortgage rates are going.

It must be emphasized that mortgage companies have their own ways with which to set individual rates. More often than not, mortgage rates follow the US Treasury rates precisely because any lower than the government’s rates and the lenders will operate at a loss.

Second, you need to observe where the inflation rates are going. Keep in mind that there is a direct and almost proportional relationship between mortgage and interest rates. Many of the factors that have influenced the movement of the mortgage rates are coming back in the new economy to influence said rates again.

Mortgage Interest Rate Predictions For 2010-2011

If you are looking for a Bank of America mortgage modification, there is a new program out there that few people know about.

Qualify for Mortgage Assistance.

If you want to see if you are approved for a Bank of America mortgage modification, just visit the links below.

Mortgage Reaffirmation after Chapter 7 – What is it all about?

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Is your son or daughter actually ready for all those house payments?

Co-Signing a Mortgage for Your Child

If you’d like to reaffirm your personal liability for a secured debt even after a discharge from Chapter 7 bankruptcy, a reaffirmation agreement is what you need to sign with the lender. Reaffirmation agreement is usually executed for secured debts such as mortgage, car loan, RV loan etc. What is the reaffirmation agreement?Reaffirmation of debt is a voluntary agreement on the part of the debtor to keep paying his mortgage or other secured debts even after receiving a discharge order in Chapter 7 bankruptcy. By signing the agreement, the debtor becomes legally obligated to pay the portion of the debt for which he has received a discharge under Chapter 7 bankruptcy. When to file the agreement? Can mortgage lender foreclose even if I reaffirm?When you reaffirm mortgage, it implies that you’ve agreed to pay off mortgage dues even after you’ve received a discharge from bankruptcy. What if I fail to make payments under reaffirmation?If you fail to pay off the mortgage after you’ve reaffirmed, the lender can obtain a judgment against you in order to place a lien on your assets or garnish your wages. You can cancel the reaffirmation agreement within 60 days after it is filed at the bankruptcy court. You need to inform the mortgage lender about your decision to cancel the agreement.