Pitfalls of Loan Modification...

The choice to modify a home mortgage is a decision that should not be taken very lightly. Mortgage modification seems to be hot topic right now. The Federal Government has passed three pieces of legislation this year encouraging distressed homeowners to contact their mortgage companies and seek modification...

Mortgage rates will remain below 5% for ...

Mortgage rates will remain below 5% for the first half of this year which will help stabilize home sales and keep a refinancing wave going, according to a consensus forecast by banking economists. “A surge of refinancings is already under way and lower home prices and interest rates will gradually...

Examples of a loan modification hardship...

One of the items your lender or servicer will ask for during the loan workout or loan modification process is a hardship letter. A hardship letter is a written explanation as to what “event” has caused you to fall behind on your mortgage and it vital in helping you stop foreclosure. This letter acts...

Pipeline Management – Your tool to...

Mortgage professionals who are successful do so by understanding the health of their pipeline. Pipeline management allows management to more accurately forecast sales, better manage their time, and ultimately close more deals.  Every person in the organization wants a full pipeline that funnels from...

Four strategies for refinancing in turbu...

1. Have an idea of the value of your home Call a real-estate agent or look at sites such as Zillow.com to get an estimate of what your home is worth. If you’re upside down the possibility of refinancing might end right there.  To get a better idea on a home’s value, borrowers might ask their...