The Mortgage Guide is an initiative by Montgomery Mortgage Solutions and Keller Williams Cornerstone Realty to educate home buyers about the mortgage origination process. The whole process of owning and funding a home can be a daunting process. Having all the relevant information regarding mortgage origination and loan approval process can be quite handy when you go shopping for your loan.
Monday, November 29, 2010
Can you trust mortgage lenders?
Tuesday, November 23, 2010
Challenge high property tax and win
7 tips to beat the post-holiday debt blues
Monday, November 22, 2010
Cut taxes with early mortgage payment
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.
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”
-
- Type of Loan:
- Home Description:
- Credit Profile:
- Property Location:
* Please select a “Property Location”
- Fill out our simple, secure form
- Receive up to 4 loan offers
- Choose the program that best fits your needs
Mortgage rates giving you motion sickness?
Let us watch for you. We’ll tell you when they hit your target.
Saturday, November 20, 2010
How to get the best refinance rates
Thursday, November 18, 2010
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
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
Tuesday, November 16, 2010
Key Points to Loan Originator Compensation Rules
The Mortgage Guide encourages you to be aware of these new rules.
http://bankersadvisory.blogspot.com/2010/08/key-points-to-loan-originator.html
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
Sent from my iPad
Monday, November 15, 2010
8 tips for choosing a foreclosure attorney
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
dodge a hike in bank fees.