Homeowners who are still feeling the financial strain from the recession are having difficulty paying their mortgage, in most cases, and are looking for assistance. The problem with many homeowners is their credit has taken a hit, their mortgage is under water, they are delinquent on their mortgage, or they simply don’t have the...
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The Cash for Appliances program is in place within a number of states to promote the purchase of more energy efficient appliances and hopefully help retailers with their sales. However, this program, which mirrors the Cash for Clunkers program is said to be a short-term solution for retail sales. Retailers have done decent but...
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Many college graduates are looking to pay off student loans by simply putting all their debt on a credit card. However, there could be some problems with this plan, and yet there could also be benefits to doing so. Obviously, your personal consolidation plan may vary as no two student’s debts are exactly the...
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With mortgage rates low there are many homebuyers who are using the first-time homebuyer tax credit, along with these low rates on mortgages, to purchase an affordable home that comes with a monthly payment equal or less than what is being paid in rent. Homes are also going for low prices as many lenders...
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JP Morgan Chase is said to be one of the most successful financial institutions in our nation and they have reported increases in the Making Home Affordable Program for January 2010 by permanently modifying 11,581 home loans. This number for JP Morgan Chase is up from 7,138 permanent modifications in December and 4,302 permanent...
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Wells Fargo is one of the mortgage lenders that have seen increases in their Making Home Affordable home loan modifications as they reported 17,652 permanent home loan modifications made as of January 2010. This number is up from last month as Wells Fargo had made 8,424 as of December and 3,537 permanent home loan...
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College graduates can leave school with a variety of debt that can cause trouble if they have multiple loans, which is often the case. The troubles that come from multiple student loans is the interest on each that pushes the amount owed higher the longer a college graduate takes to pay back the loan,...
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Many secured credit cards offer a lower interest than unsecured credit cards, or at least rates that are comparable. However, if you have seen your credit score take a tumble due to financial strains or missed payments over the last few months, you may be unable to get a credit card unless you take...
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Many people are looking to and have used the first-time homebuyer and repeat homebuyer tax credit in order to make buying a new home a bit more affordable. However, with the low mortgage interest rates that have been offered as of late, many would-be homebuyers are using the tax credit to help them purchase...
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In the Making Home Affordable home loan mortgage modification program, Citigroup’s CitiMortgage has made 10,929 permanent home loan modifications for their homeowners. This number is up from 4,999 permanent modifications in December and when combined with trial modifications, Citigroup CitiMortgage has modified 50% of the mortgages that potentially qualify for a modification. Citigroup has...
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