Monday, November 29, 2010

Can you trust mortgage lenders?

The Mortgage Guide highly recommends the tips in this article.

Bankrate.com: Today's new stories Headlines
The foreclosure fiasco has borrowers wondering where to find an honest lender. Try these tips.
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Tuesday, November 23, 2010

Challenge high property tax and win

Bankrate.com: Today's new stories Headlines
Your property taxes might be high, but there are ways to reduce them.
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7 tips to beat the post-holiday debt blues

The Mortgage Guide wishes everyone a Happy Thanksgiving!

Bankrate.com: Today's new stories Headlines
Instead of overspending, try these tips to just say no to the burden of after-holiday debt.
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Monday, November 22, 2010

Cut taxes with early mortgage payment

The Mortgage Guide thinks that this is a great tip.

Bankrate.com: Today's new stories Headlines
Accelerating your first payment of 2011 by even a day pays off in taxes.
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New Post: Customer Testimonials for Montgomery Mortgage Solutions, Inc.

The Mortgage Guide would like to especially highlight the customer appreciation that Montgomery Mortgage has received over the years. Below is the link to take a look at what the customer experience has been for those choosing us for their home mortgage needs.

http://www.themortgageguide.co/home-mortgage-guide/customer-testimonials-montgomery-mortgage-solutions-inc

Sunday, November 21, 2010

Article: Foreclosure refinance can save your home

The Mortgage Guide recommends that you call the mortgage experts at Montgomery Mortgage Solutions, Inc. Their business is to help you get the best options on refinancing.


Foreclosure refinance can save your home
http://www.bankrate.com/finance/refinance/foreclosure-refinance-can-save-your-home.aspx

Foreclosure refinance can save your home

The recession and housing downturn have created a financial crisis for many homeowners, but a foreclosure refinance may be an option for some.

As home prices have dropped, many homeowners assumed a refinance was not possible for them. But many lenders offer programs that allow a refinance, even for borrowers who owe more on their loan than their home is worth.

Foreclosure options

If you are having difficulty making your monthly payments and believe a foreclosure is in your future, you need to assess your overall financial picture and consider your options.
  • Sell your home. No one wants to lose their home to a foreclosure. But if you believe you are better off not owning your home or will find it impossible to make the mortgage payments, even if they are reduced, it may be better to consider putting your home on the market.
  • Try a short sale. If your home value is lower than your mortgage balance, you may have to negotiate a short sale with your lender.
  • Offer a deed in lieu of foreclosure. This option streamlines the foreclosure process.
  • Try a foreclosure refinance. If you prefer to keep your home, contact your lender immediately to discuss options for refinancing your mortgage. You may qualify for the Home Affordable Modification Program, or HAMP, a federal government program that gives struggling homeowners the opportunity for a loan modification or refinance. If not, you can still ask your lender for other options to make your payments more affordable.

Preparing for a refinance

Homeowners who are prepared for refinancing will have a better chance of obtaining an approval. Start by using a mortgage calculator to estimate your potential payments and develop a budget.

Next, prepare documentation of your income and assets. If you are requesting a modification with lower interest payments, a reduction of your principal or an extension of your loan repayment period, you may need to prepare a hardship letter explaining your current financial difficulties.

Trying for a foreclosure refinance? Start with a phone call to your lender, who can help you evaluate your options.

 Create a news alert for “refinance”

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Saturday, November 20, 2010

How to get the best refinance rates

The Mortgage Guide recommends that you use the mortgage calculator available in the Loan Center section of  Montgomery Mortgage.

Bankrate.com: Today's new stories Headlines
Finding great refinance rates is only part of the battle. Look at the entire cost of the loan.
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Thursday, November 18, 2010

Which type of mortgage is best?

Which type of mortgage is best?
BANKRATE.COM: TODAY'S NEW STORIES HEADLINES | 18 NOVEMBER 2010
http://pulsene.ws/l6OJ

Shopping for a mortgage? Ask questions about the type of loan, fees and interest rate.

Mortgage rates leap to 3-month peak

Bankrate.com: Today's new stories Headlines
Mortgage rates skyrocketed in the month since reaching a modern record low.
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Wednesday, November 17, 2010

New Article: Changes to Truth In Lending

We have posted a new article at The Mortgage Guide. The post discusses recent changes to Truth In Lending requirements. We will discuss in a later post what Truth In Lending requirements protect consumers.

Stay tuned!

A new guide explains the basics of credit

Bankrate.com: Today's new stories Headlines
Ahead of pricing rules that take effect Jan. 1, the Fed hands out advice on credit.
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Tuesday, November 16, 2010

Key Points to Loan Originator Compensation Rules

Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage

Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage
THE HUFFINGTON POST - HOME FEATURED NEWS | 16 NOVEMBER 2010
http://pulsene.ws/k2kd


We all know the mortgage securitization process is complicated. But just how complicated? This chart from Zero Hedge shows the ...

New Post: The Interest Rate (Part 1)

Just posted a new article at The Mortgage Guide! It should give you a brief intro to "mortgage interest rates". 

New Post: The Interest Rate (Part 1)

Just posted a new article at The Mortgage Guide! It should give you a brief intro to "mortgage interest rates". 

Bank Advisor Blunders And How To Avoid Them

The Mortgage Guide could not agree more with this article. Building relationships and open and honest communication is the premise on which this blog has been created. http://www.investopedia.com/articles/stocks/10/bank-advisor-blunders.asp?utm_...


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Monday, November 15, 2010

8 tips for choosing a foreclosure attorney

Bankrate.com: Today's new stories Headlines
Thinking of hiring help for a foreclosure defense? Here are some tips.
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MREI Power Workshop - New Jersey

The Mortgage Guide strongly suggests that you consider attending this workshop!

MREI Power Workshop - New Jersey

Did you know that more millionaires will be created in real estate this time than any other time in history?

Real estate can offer you and your family a predictable and legitimate plan for wealth building.

The Millionaire Real Estate Investor, written by Gary Keller, collects the wisdom and experience of over 100 individuals who built financial wealth through real estate investing.

At The Workshop, you will discover these investors’ proven and tested investing models. We will also provide you with strategies and tools to begin building your own real estate investment portfolio.

Learn to capitalize on current economics as related to:

  • Foreclosures & Pre-Forclosures
  • Real Estate Owned (REO) Properties
  • Distressed Homes
  • Short Sales
  • Multi-family Investment Properties
  • Small Business Properties
  • Commercial Properties
  • Investor Properties
  • Real Estate Deals and much more!

8 great ways to avoid growing bank fees

8 great ways to avoid growing bank fees via Bankrate.com:

http://www.bankrate.com/finance/savings/8-great-ways-to-avoid-growing-bank-fe...

Banking is costing consumers more money. Try one of these methods to
dodge a hike in bank fees.

New Post: The Mortgage Guide - Introduction

A new post has been added to our blog, The Mortgage Guide. Please click here: http://www.themortgageguide.co/home-mortgage-guide/the-mortgage-guide-introdu....

The Mortgage Guide