Posts about mortgages, including home loans, refinancing, interest rates, and strategies to manage payments and avoid foreclosure.
I thought I should start taking a look at some credit products. So let’s start with TD Bank. When people face financial pressure, they often feel like they can borrow their way out—kind of like trying to diet by eating a second dessert. It feels like a plan… until reality smacks you in the face. …
Ever look at home prices and think, Did I accidentally time-travel to 2050? That same three-bedroom house that sat on the market for six months in 2019? Now it costs more than a lifetime supply of avocado toast, and people are fighting over it like it’s the last PS5 on Black Friday. And if you …
The Federal Trade Commission and the California Department of Financial Protection and Innovation (DFPI)Â are taking action against various companies doing business as Home Matters USA, Academy Home Services, Atlantic Pacific Service Group, and Golden Home Services America, and the owners of the companies, Dominic Ahiga, and Roger Scott Dyer, for operating a sham mortgage relief …
by Brittany Freeman, Rocky Mountain PBS It was Christmastime in 2021, and Michael St. James didn’t feel much like celebrating. From his top-floor condo overlooking Denver’s Capitol Hill neighborhood, St. James said he spent much of his time in the final weeks of December trying to recover nearly $30,000 that had disappeared from the bank …
Should You Rent or Buy a Place to Live No question has been asked more often over my decades of helping people with money, credit, and debt issues than is it is better to rent or buy. Listen to the Podcast You can subscribe to my podcast on any of these sites below. …
A company named Trustee Loss Mitigation or Trustee Loss Mitigation Headquarters has hit my radar. I always recommend that consumers research before jumping for any advertising mailer that arrives in the mailbox or inbox. Anyone considering using such a company should read the following free guides. The Ultimate Consumer Guide to Checking Out a Debt …
Mortgage preapprovals more than 3 months old are generally considered out of date, but letters can last as long as 180 days. Depending on how long your search is, you may need to renew it more than once before closing on a home. Having a letter of preapproval from a financial institution can help ensure …
As a homeowner makes monthly payments on a mortgage, each payment typically contains a mixture of principal and interest. The interest is money paid to the lender with the principal portion reducing the homeowner’s outstanding balance on the mortgage. As the balance goes down, more of each payment will go towards the principal, although it’s …
Maybe you saved up money over the past few years, got a hefty raise, or received an inheritance. Whatever the reason, you now have the means to pay off your mortgage early. Isn’t that the best move? It just depends. It can be tempting to rush to pay off your home loan when you have …
Today the Consumer Financial Protection Bureau (Bureau) filed a complaint and proposed stipulated judgment and order against Nationstar Mortgage, LLC, which does business as Mr. Cooper (Nationstar). The Bureau’s action is part of a coordinated effort between the Bureau, a multistate group of state attorneys general, and state bank regulators. The Bureau alleges that Nationstar …