President Barack Obama has enacted a mortgage stimulus plan which will allow millions of homeowners the opportunity to refinance their home mortgage into a 4.5% fixed rate. This “Home Affordability Program” will give homeowners the chance to save hundreds of dollars per month. Here is how:
Currently, there are numerous grants available to homeowners, regardless of [...]

During a refinance the underwriters of the loan may ask you for a letter of explanation. You may wonder what is a letter of explanation and how do you write one correctly. Well relax because its actually a very easy thing to accomplish and is just one of the ways lenders safe guard their investment [...]

Aurora loan services is one of the lenders who is approved to offer the Governments “Making Home Affordable” plan. This plan allows homeowners the chance to save their home from foreclosure, or save hundreds of dollars every month through home loan modification. Qualifying is easy, but here are some things you should know when getting [...]

A home equity line of credit allows you to draw on your home’s equity
without having to pay for closing rates. For those with bad credit,
credit secured by your equity can provide you with low rates. Using your
credit wisely, you can use a line of credit to reestablish a good credit
rating. However, you need to choose [...]

Bank of America has new mortgage refinancing options available thanks to President Obama’s stimulus plan. This plan is designed to help struggling homeowners get a better mortgage, save money, save their home from being lost, or all of the above. Bank of America is one of the only mortgage lenders or banks who can offer [...]