We’ve talked about in previous posts about six reasons for loan denial: credit score, recent bankruptcy, debt-to-income ratios, employment history, income, and debts. We’ve got four more reasons to discuss… read more →
We wrote previously about the top 3 reasons loans get denied and how to overcome those reasons. Now we’re going to look at some more reasons loan applications are met… read more →
Every day, thousands of people are denied when they apply for home loans. While the law requires lenders to provide a free credit report & score to the borrower when… read more →
We’ve recently written about 10 reasons loans get denied: Credit score Bankruptcy or other recent credit history Debt-To-Income ratios (DTI) Employment history Income Debts Down payment & cash reserves Your… read more →
Many people who are trying to save their homes from foreclosure become victims of scammers. Loan modification scams promise a way to save one’s home or get quick cash, only… read more →
Under the Home Ownership and Equity Protections Act (HOEPA), lenders must get certification that the borrower has been given counseling about the mortgage being offered. The loan cannot proceed until… read more →
There are many options our housing counselors can explore with homeowners who are struggling with mortgage debt. One option is the deed in lieu of foreclosure. A deed in lieu… read more →
The FHA (Federal Housing Administration) offers a mortgage loan program that shortens the period of time one has to wait after filing bankruptcy, being foreclosed upon, or giving up a… read more →
The first time home buyer tax credit was a program that was available for homes purchased as your primary residence between April 2008 and May 2010. Under that federal program,… read more →
One often hears about deferments and forbearances when dealing with student loan debt. However, housing and mortgage-related debt can also benefit from these options, if the lender offers. These options… read more →