Cash is King – Upside Down Mortgage Solutions

December 10, 2009

Negative Equity Mortgage

A negative equity mortgage has a real impact on your overall financial picture. There are only so many different ways you can overcome thousands of dollars of negative equity mortgages before you are facing being broke.

Here are some good articles that discuss various issues surrounding Negative Equity Mortgages:

Most Borrowers with Negative Equity Have ARMs

And analysts at Amherst Securities Group warn that negative equity is a much more significant predictor of defaults than unemployment. As of the third quarter of 2009, First American CoreLogic found that most borrowers with negative equity have ARMs originated between 2005 and 2008. The borrowers… Subscribers have free access to the archives. … Get the free IMFnews e-newsletter sent to you every Wednesday. You’ll get the top mortgage news from all our publications.

New negative equity mortgage offers a lifeline – Walletpop UK

The experts will all tell you that negative equity isn’t a problem for life. You just sit tight, ride out the tough times, and eventually the price will edge back up to what you paid for your home. In most cases it only takes a couple …

Calculated Risk: Negative Equity Report for Q3

The average value for all properties with a mortgage is $270200, but properties in negative equity have an average value of $210300 or 22 percent less (Figure 8). The average mortgage debt for properties in negative in equity was …

Divorce yourself from your home!

So, take Professor White’s advice and just say No to negative equity. But don’t just walk away! Fight your foreclosure to gain leverage and possibly force a meaningful modification of your mortgage. The first step is to treat your house …

Real Estate Forecast for 2010

Mortgage experts speaking before the House Financial Services Committee have all concluded the Obama administration’s mortgage modification program is “destined to fail” and doesn’t address the issue of negative equity. …

My mortgage lender, Wells Fargo, sent me an application for the …

Anyway, I have an ARM mortgage that will NOT adjust until 2014. I have negative equity thanks to the wonderful market. My appx value is probably around k and I owe about k. My interest rate is about 8% but with zero PMI with a monthly …

If you have question about an Upside Down Commercial Mortgage I suggest you contact Howard Minster.  He has not only mortgage workout programs but may have a cash flow program for you as well.

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September 2, 2009

Your Credit Score: Does It Affect Your Car Insurance Premium?

The answer to that question has quickly become a resounding ‘Yes.’ Today, most auto insurance companies use your credit score as a factor in determining your premium rates. But it shouldn’t come as that much of a surprise to you. After all, credit is a factor for everything from renting an apartment to purchasing a new cell phone. In a sense, auto insurance companies are extending a line of credit, of sorts, to those they insure. It is in their best interest to make sure they insure those who will file the least amount of claims, or that they charge significantly more for those who will.

Why Credit Matters

While there are a few insurance companies that don’t look at credit scores in determining premium rates, most do. In fact, it is estimated that around 92 percent of insurance companies do look at your credit. They do this because, just as in other situations, your credit is seen as a sign of just how risky of a driver you may be. If you have a low score insurers may feel that you are someone who takes more risks, doesn’t keep up on their financial responsibilities and will be more likely to file claims, thus costing them more money.

Having poor credit may impact your insurance rates but, as you know, a credit score doesn’t tell someone’s whole story. Because of this, it’s not the only piece of information they use. They also look at your driving record, age, where you live, vehicle being insured, and other factors. You may be able to help offset poor credit somewhat by having a great driving record and by avoiding having a vehicle that is considered risky, such as a sports car.

What You Can Do

The good news is that, if you have good credit, you are likely to save money on your insurance premiums. So this is yet another reason to try to improve your credit. But just how do you go about doing this? Start by getting a copy of your credit report and reviewing it. Locate anything that is not correct and file a claim with the agency to inform them that it is inaccurate.

Beyond that, work at fixing any credit problems you have and improve it overall. You can do this by paying bills on time, lowering your debt to income ratio, and not opening up new credit accounts. Then, be sure to get new auto insurance rates periodically. If you get your insurance policy with a credit score of 525 and you raise it after a year to 620, you will want to either inform your current carrier or get quotes from others to go elsewhere. Improving your rating should translate to a lower premium, either with your current insurer or by obtaining a new one.

September 1, 2009

June 11, 2009

Fannie Mae Solves Upside Down Mortgage Refinance Issue

Finally!

 

Fannie Mae has stepped in to help!

 

Refinancing Upside Down Mortgage has a new face and Fannie Mae is leading the charge.

 

They are now allowing homeowners the ability to refinance their Upside Down Home Loan  with relative ease.

I have put together some educational videos that will walk you through the steps to help you through the process of  refinancing an upside down mortgage.

Click the LINK below and I will tell you how to start the refinancing upside down mortgage process.

upsidedownmortgagehelp

May 2, 2009

Roseville CA Mortgage Broker: Finding a Mortgage Person to Help You

I appreciate you stopping by my site.

I know that the mortgage industry has take on a bad name and it can be difficult to find the right person to help you.  If you are looking for help with buying a new home, refinancing upside down mortgage or any type of mortgage issue please feel free to contact me at brent[at]brentlane.net.  I take personal pride in being a trustworthy Roseville CA mortgage broker and I will do everything in my power to deliver what I promised you in the beginning.

So much is going on the mortgage market that it’s hard to keep up.  Take a minute and learn all you can and then find an expert to give you that upside down mortgage relief your are looking for.  I can help you with upside down mortgage refinances to purchasing a home in Auburn, CA or Placer county CA.

I look foward to talking with you.

Brent Lane

brent[at]brentlane.net

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