Bank of America has the majority of mortgages in their charge within the Making Home Affordable home loan modification program. However, homeowners are unhappy with the progress that Bank of America has made in terms of permanent home loan modifications. Homeowners that have been in the modification program cite that either Bank of America...
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Many college graduates are looking for a good way to manage multiple forms of student loan debt and student loan consolidation is one of the best ways to do just that. However, many worry about the interest rate on multiple forms of student loans versus that of a student loan consolidation, but currently anyone...
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Homeowners with Citigroup are seeing increases in permanent and trial modifications from CitiMortgage, as more than half of the homeowners with Citigroup’s CitiMortgage have been given either a trail or permanent modification, when compared to the overall number of potentially qualifying homeowners with Citigroup. There have been outcries from homeowners for lenders to make...
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JP Morgan has had some good gains in the Making Home Affordable Program, but many homeowners are asking for more permanent home loan modifications to be made and shorter trial periods for homeowners seeking a home loan modification. While there have been more and more permanent home loan modifications made by JP Morgan, there...
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Homeowners that see their home as an investment may want to consider a 15-year fixed rate mortgage since this type of mortgage can cost less over the life of a mortgage loan. Longer mortgages, like the 30-year fixed rate mortgage, bring a low interest rate, but over the lifespan of the mortgage, when interest...
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The first-time homebuyer tax credit and the repeat homebuyer tax credit has helped many homeowners afford a new home and has given some the incentive to buy a new house. While many people have used the tax credit for a number of reasons, ranging from helping to cover closing costs, paying on their mortgage...
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Wells Fargo has had both ups and downs in the home loan modification program, but despite any success, Wells Fargo homeowners are still calling for more permanent home loan modifications to be made. Wells Fargo, along with other lenders in the Making Home Affordable Program, have been called on to do more when it...
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Bank of America is looking to offer more principal reductions for homeowners that have lost value in their homes and now have an underwater mortgage. In an article on money.cnn.com, it states that while not all homeowners are going to be able to get a principal reduction, homeowners that are greatly distressed in their...
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High interest checking accounts afford people the opportunity to earn more on their that money that is in the checking account while still having access to those funds for purchases. Many community banks and credit unions are offering high interest checking accounts at the present time, and if you take the time to look...
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Many homeowners are getting either a 30-year fixed rate mortgage or refinancing for the same, in order to take advantage of the low interest rates that are currently available. A low interest rate on your mortgage can bring about a lower monthly payment and for many that are financially strained, this is a welcome...
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