Resolving A Forclosure
The three most frequently used methods to resolve foreclosure are loan reinstatement, forbearance agreement, or loan modification. While there are numerous other specific ways to stop foreclosures, these three are used most frequently.
1.) Loan reinstatement is where a lender has started the foreclosure process and the homeowner finds a way to pay back or “reinstate” [...]
Pay Mortgage Every Two Weeks
Biweekly mortgage payments are an easy way to speed up repayment of the principal loan balance. Making biweekly payments sounds complicated; however, it is an excellent way to build equity in your home and shorten the length of your mortgage by as much as five years.
Making biweekly payments means you will make a mortgage payment [...]
Find out how to reduce your monthly mortgage payment
PMI stands for Private Mortgage Insurance. If you have a mortgage, you probably know about PMI. If the equity that you have in your home is less than 20%, you pay PMI. If your equity has gone above 20%, you are probably still paying PMI, unless you were watching your equity and [...]
