Monthly Archives: June 2015

What if I’ve lost my income?

What if I’ve lost my income? Is a loan modification possible then? We’re not underwater, so I feel the bank is less likely to by sympathetic since we won’t walk away. I’d like to keep our home and feel that eventually we’ll be working again, but we need help through this difficult time. I can’t… Read More »

Call your mortgage company and tell them

Call your mortgage company and tell them you are having a hardship and want to know if a loan modification is possible. I did it with my HELOC and got the 3 parts of my HELOC reduced as follows for 1 year:7.29% down to 3% 8.29% down to 3% 3.4% down to 3%. In addition… Read More »

There is website that you can check out about

There is website that you can check out about the new stimulus plan that will kick in on March 4th. It is www.treasury.gov. If you have a loan that is Fannie Mae or Freddie Mac, you might be able to refer to a fixed rate 15 or 30 yr loan at the current interest rate.… Read More »

It Really Does Make A Difference

I do something similar, and it really does make a difference. I pay all my bills twice a month, as soon as I get paid. I divide all my payments in half (plus add $10 extra to each CC minimum) and pay that amount. The card I’m working to pay off first gets every other… Read More »

Loan Modification Question

After doing some research on our finances regarding our ARM mortgage, I have come to the conclusion that we need to do a loan modification. When I had talked to the refinance guy a couple of months ago he said my FICO score was not high enough to qualify for a refinance. After looking on… Read More »