Mortgage lenders tightened their standards after the subprime-mortgage mess, and that won’t change this year. But mortgage loans can be had. Follow these 10 tips from MSN.com to secure a mortgage at an interest rate and under the terms that are right for you this year: 1. Have the right credit score The best combination …
If you or someone you know is having trouble paying each month’s mortgage payment, you may want to consider foreclosure prevention counseling. Data released by NeighborWorks American finds that a homeowner working with a housing counselor is nearly two times more likely to avoid foreclosure than those who don’t. Counseled borrowers also tend to lower …
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In a kind of crisis intervention, IndiSoft is working on computer programs that track borrower behavior so that if a life-changing event occurs, steps can be taken to ensure timely payments are made. The day is coming when lenders will no longer turn their clients loose after they leave the closing table, never to be …
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New online help from Fannie Mae Since the start of the housing downturn, the number of Web sites and foreclosure-prevention companies claiming to offer help to struggling borrowers has greatly increased. While some of the businesses are legitimate, others are fraudulent and offer services that consumers may be eligible to receive free of charge. MAKING …