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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "loan"

Benefit of availing credit card debt consolidation loan

Article by oseni adesoji Financial market has made available this credit card debt consolidation loan to everyone that is; either he is homeowner, tenant, student, employed or unemployed etc. So, the person needs not to worry regarding his status while availing loan. In other words, credit card debt consolidation serves to all and helps them in leading a debt free life. Credit card debt consolidation loan can also be applied through online, which further saves time, effort and money of the person. Only required thing is to fill an application form which asks for certain personal and financial details. And, if the lender gets satisfied then he calls back to the person for further process. Along with providing credit card debt consolidation loan, the lender also provides counseling session in which he discuss … Read entire article »

Filed under: Credit Card Consolidation

Mortgage Loan Forgiveness and the IRS

Article by Mitchell Sussman With the collapse of the economy and crash in the real estate market, more and more homeowners are finding that their home is “underwater” in the sense that the value of the their property is worth significantly less than the mortgage or mortgages that are owed on the property. Because of the economic conditions our country is laboring under, many homeowners are simply unable to continue to debt service their existing mortgage. For those homeowners a foreclosure, short sale, deed in lieu or for the lucky ones a negotiated modification of the existing loan balance are but some of the many alternatives. Debt reduced by a mortgage loan modification, short sale or foreclosure will often result in the issuance by the lender of an IRS Form 1099-C, Cancellation of … Read entire article »

Filed under: Insolvency

It’s Tax Time Once Again. Exactly What To Do With Your Cancelled Mortgage Loan Debt?

Article by Jordan Taylor It has been quite a challenging year for numerous People. The overall economy is certainly in a slow down, and lots more people than in the past have had to live through this turbulent ride of this housing market. Scores have lost their homes to a property foreclosure or short sale, and now that that it is time to prepare for the taxman, it’s time for these folks to determine the tax implications all these mortgage relief programs can have on these folks this tax season. In case you’re one of the many people in america going through this situation when you file ones 2011 taxes, you could possibly just have have been given a particularly unique Christmas present from the U.S. Government. Before this unprecedented whirlwind ride … Read entire article »

Filed under: Debt Relief, Insolvency

Why Do We Need HARP Loan?

Article by Karan Agarwal HARP is short form for “Home Affordable Refinance Program” and was first designed for those people who owned homes that were serviced by loans from Fannie Mae and Freddie Mac. With this program homeowners were then able to refinance their homes that where slightly underwater that previously didn’t have Mortgage Insurance. This could also be done with loans that were struggling or which had an outstanding balance that was much higher than the value of the house. When HARP first came about, it did not do well in some areas because incomes were being closely watched and loans were capped at a 125% value. This basically meant that you could not own more than 125% the value of the home. There will also be zero limits for value … Read entire article »

Filed under: Mortgage Refinancing

How to Identify a Mortgage Refinancing Loan Scam

With the current market situation, privatization is the new buzzword. The effects can be noticed in sectors such as real estate. This in turn has impacts on loans and money lending, speeding its growth and development. There is greater concentration on real estate as many are aware of the opportunities that may be present. In order to cope with the changing trends, the mortgage refinancing companies penetrate the market by all means. Mortgage refinancing scams also develop in parallel to the above strategies. The mortgage refinancing scams result in misleading the customers, way ward. This causes negative impacts on the real business. Due to these scams people lose their trust in the mortgage refinance system, thereby giving a heavy blow to it. Since mortgage refinancing is very widespread nowadays, people have got … Read entire article »

Filed under: Mortgage Refinancing

Online All The Time With California Home Loan Mortgage Refinancing?

Article by Rony Walker Yes, getting a home loan mortgage refinancing in California is quick and convenient and can safeguard your present investments. Bet you want to know more now, don’t you? Read on. Welcome to sunny California Everybody loves California and relocating to the place is just as easy. Getting a California home loan mortgage refinancing is convenient too. A home purchase on loan mortgage refinancing will not require origination points. There are no hidden costs and everything will be charged up front. In addition, your loan is confidential, so there’s no need to keep looking over your shoulder. For your dream California home, loan mortgage refinancing companies will give you their decision immediately. No more twiddling your thumbs, waiting and hoping. They provide personal service. You can even track your loan anytime … Read entire article »

Filed under: Mortgage Refinancing

Try A Credit card debt consolidation loan

Article by Phil S Goterman Credit card debt consolidation is regarded as the first step towards getting rid of credit card debt. Credit card debt consolidation loan is one of the ways of consolidating credit card debt. Besides, credit card debt consolidation loan, you can also go for balance transfer to another credit card. In fact, due to the publicity by credit card suppliers, balance transfers seem to be more talked about than credit card debt consolidation loan. Some people kind of forget about credit card debt consolidation loan being available as a method of credit card debt consolidation. However, credit card debt consolidation loan too is important to consider when going for credit card debt consolidation. So what do we mean by credit card debt consolidation loan? Put simply, credit card debt … Read entire article »

Filed under: Credit Card Consolidation

Where’s the Promised Government Loan Money (HARP) for Distressed Homeowners?

THE HISTORY OF HARP Since 2007, when the American housing bubble burst, untold numbers of homeowners have found themselves in the dire dilemma of seeing the value of their homes sink below the amount they owe on their mortgages, putting them “under water” in mortgage jargon. With most mortgage lenders requiring a loan to value ratio (LTV) of 80% or less on refinancing (not requiring private mortgage insurance [PMI]), these homeowners have been basically locked out from taking advantage of the record low interest rates. Seeking solutions, the Federal Housing Finance Agency (FHFA) introduced the Home Affordable Refinance Program (HARP) in March 2009 thus began the history of HARP. WHO QUALIFIES FOR HARP? HARP was designed to help homeowners obtain refinancing when the value of their home exceeded 80% LTV without having to … Read entire article »

Filed under: Mortgage Refinancing

Clear Credit Card Debts By Credit Card Debt Consolidation Loan

Article by Eva Baldwyn One of the most common reasons for building up of debts of a person is increasing use of credit cards. Credit cards provide a comfort in using money anywhere and at any time. Nevertheless, despite of this fact, the people forget its another aspect, that is, its high rate of interest. Today, market is providing various specialized consolidating loans, irrespective of individual’s problem such as: business debt consolidating loan etc. In the same manner, the people who are facing problems in managing their credit cards debts, for them, there is credit card debt consolidation loan. Like, other consolidating loans, this also merges all the debts of a person and pays them through single payment. Credit card debt consolidation loans waive all the risk attached to the usage of credit … Read entire article »

Filed under: Credit Card Consolidation

Loan Modification Eligibility Requirements under Making Home Affordable Program

Article by Simon Volkov Borrowers who desire a loan modification might qualify for Obama’s Making Home Affordable programs. Lender participation is voluntary, so borrowers should first contact their mortgage service provider. Once lender participation is verified, borrowers should take time to understand how Making Home Affordable programs work and the process involved.   Homeowner’s must meet loan modification eligibility requirements and undergo a financial audit. Mortgage lenders must verify income to determine if borrowers can afford modified loan payments. Borrowers are subjected to a loan approval process similar to the one they underwent when originally applying for the home loan. Homeowners should organize financial records prior to apply for a loan modification. Lenders usually require payroll records, bank statements, list of expenses and a current tax return. Some lenders require borrowers to provide IRS … Read entire article »

Filed under: Mortgage Refinancing

Loan modification problems – Secrets revealed to help solve loan modification problems

It’s unbelievable that many people who apply for a loan modification through the banks get denied. I’m not sure of why consumers are getting rejected for the modification. Nevertheless, there are other programs that can assist you with the whole process. I have provided you with three programs that will assist you with reducing your monthly payment. Loan modification problems – Repayment plan – Secret 1 Ask for a repayment plan. Payments are increased to make up for the past due payments. You can make up these payments over a short or a long time. For example, if you are three months behind with a monthly payment of 400 a month, you can stretch out the $ 1200 over 12 months where you would pay an extra 100 a month on top … Read entire article »

Filed under: Mortgage Refinancing

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