During the bankruptcy you will have to ‘re-affirm’ any debt to an asset you want to keep. What that means is, if you want to keep the house you have to re-promise to pay it off under the terms of the original note – the ARM that will reset. If you do not agree, the [...]

If anyone has recently had their ARM increase, i was wanting to know by how much it increased, so i can get an idea of maybe where mine will go. Thanks ..We have tried to refi, and cant due to no W2′s to income last year. To get approved for a loan mod, what does [...]

I am considering an adjust rate mortgage to lower my payment over the next year. I will be retiring and selling my house next spring. I would like to lower my mortgage payment and invest the difference over the next year. Not a good idea dude! It means they can change the rate on you [...]

I’m a CPA but am not entirely sure how the mortgage brokering process works. I’ve received some sketchy information in the past indicating to me that the higher the rate is, the more of a commission the bank pays to the broker for bringing them the loan. I believe the exact terms are when the [...]