http://www.mortgageoutreach.org Mortgage Outreach - News and Advice on Home Loan Modification Options Fri, 13 Aug 2010 20:39:45 +0000 http://backend.userland.com/rss092 en You may have heard about the FHA streamline program. With interest rates at all time lows, people are wondering if refinancing using this program makes sense. Let me share with you how the program works so that you can decide what is best for your family. First of all, in order ... http://www.mortgageoutreach.org/2010/08/how-will-the-fha-streamline-program-help-me/ Refinancing a home offers homeowners many benefits and options that can make life much easier if the refinance is done under favorable conditions. While refinancing is not the right decision in all circumstances, the benefits should be considered even if the ultimate decision is to stick with the mortgage already ... http://www.mortgageoutreach.org/2010/06/3-benefits-when-deciding-to-refinance/ Refinancing your current interest only loan is a good way for some people to get out from under their debt and begin to decrease the amount paid out each month. When the current interest is lower than the amount that you currently pay on your loans, refinancing helps to get ... http://www.mortgageoutreach.org/2010/05/tips-to-refinance-your-interest-only-loans/ There comes a time in just about everyone's life when they will try to obtain a mortgage. Becoming a homeowner is part of the American dream, but sometimes the excitement gets in the way of paying attention and not really understanding the type of mortgage you are getting. This is ... http://www.mortgageoutreach.org/2010/05/how-to-avoid-mortgage-pitfalls/ Since Obama has taken office, the government has set aside millions of dollars to assist struggling homeowners and make it possible for them to stay in their homes rather than losing them to foreclosure during these tough and uncertain economic times. Obama's federal government loan modification program - do you ... http://www.mortgageoutreach.org/2010/04/obamas-federal-government-loan-modification-program-how-do-i-know-if-i-qualify/ In many ways, unemployment has hit older Americans the hardest. If you are unemployed and over 60, your chance of being rehired is less than somebody 20 years your junior, despite your experience. It's tougher to hang onto your home. There is a way for you to keep your home and stop ... http://www.mortgageoutreach.org/2010/03/reverse-mortgage-guide/ As winter retreats, signs point to an easing of the foreclosure crisis. According to figures released by RealtyTrac yesterday, foreclosure filings, which include notices of defaults, auctions, and bank repossessions, retreated 2% from January. Bank repos dropped 10% compared to the month before. Default notices increased by 3% compared to ... http://www.mortgageoutreach.org/2010/03/economic-thaw/ Not all distressed borrowers can save their homes. As mortgage relief triage, the Obama Administration has emphasized loan modification  and refinance , yet the effort is falling far short of the 9 million at risk homeowners that the administration set out to help. More than five million borrowers are currently behind ... http://www.mortgageoutreach.org/2010/03/new-short-sale-program/ About half of the borrowers  at foreclosure risk are carrying a second mortgage. When the Obama Administration’s Home Affordable Modification Program was unveiled, it took months to address the second mortgage problem. Now lenders working with first mortgages under the program must modify any second mortgages they hold on the property ... http://www.mortgageoutreach.org/2010/03/second-mortgage-push/ It would be nice if there were a clear dividing line between economic contraction and expansion, but that doesn’t seem to be happening. Data remains mixed. Still it looks as if the economy is starting to heat up as the weather does. Today the Bureau of Labor Statistics announced that in ... http://www.mortgageoutreach.org/2010/03/spring-recovery/