Josh Talayka | January 7, 2010
We have been seeing a drastic decline in foreclosures across the country, many markets show signs of stabilization, and it is beginning to look like the end of our current housing crisis is in sight. However there is small group of mortgage products that may have been overlooked, the Option Adjustable-Rate Mortgages (ARMs) with five-year resets.
Josh Talayka | August 21, 2009
There are several options that may be available to homeowner who are in default, or about to be in default on their mortgage. These options include: Loan Modifications, Prepayment Plan, Making Home Affordable, Short Sale, Deed in Lieu of Foreclosure, and more.
Josh Talayka | August 21, 2009
Borrowers having difficulty paying their mortgage will be able to refinance into FHA-insured mortgages under the program. Under the HOPE for Homeowners, lenders will be required to “write down” the mortgage to a maximum of 90% of the homes appraised value.
