Are you planning to buy a home and you have several offers that you are looking into? How do you choose among the various offers? I suggest you interview the mortgage lender and ask him several questions.
The first question that you may ask is which kind of loan would be best for you.
This is important because a good mortgage broker or lender will always try to know more about you before making any offers.
Read more on What questions do you ask a mortgage lender here
Before you accept that foreclosure as the only way out and start looking through the classified rent ads, consider trying to avoid it.
The first question you need to decide is whether you want to keep your house or give it up. If you want to keep it, you need to try to work out a loan modification to get back on track. This is the most common way to get back on track and an affordable payment. Some lenders will drop the rate down to 2-4% to help homeowners. If a 2-4% rate will help you, call your lender now or visit our 16,000 homeowners forum to get free mortgage help.
If you’re in over your head, have no job and or bought too much house, a loan modification probably isn’t going to help. So, please keep reading for some tips to help smooth the process.
Read more on What are the ramifications of foreclosure here
Loan Safe is an online grass roots consumer led community based on the simple premise of “paying it forward”. We help you, you help him, he helps her and so on and so on… No strings attached ever and no favors needed to be paid back. Just pay it forward to the next person in need of help!
LoanSafe.org protects, strengthens and promotes homeownership by giving American homeowners the tools to fix their mortgage and help to stop foreclosure on the internet. The Loan Safe Network was formed in response for the need of a safe website/forum to improve communication and foreclosure education amongst homeowners, lenders, non-profit’s and for profits.
Hi! My name is Moe Bedard and I am the founder of LoanSafe.org and author of Saving the Dream. My Loan Modification book is dedicated to the millions of suffering homeowners out there on Main Street who need some help and a little hope.
To date LoanSafe.org has saved over 300 homes for free and we are goin strong!
See LoanSafe.org on CBS / KCAL News
New Article in the LATimes Mozilo on distressed borrower’s appeal for help: “disgusting” and Countrywide Financial Chairman Angelo Mozilo’s e-mail sets off a furor
The Next Real Estate Crisis - Moe Bedard, founder of LoanSafe.org in Corona, Calif., a free online forum that helps homeowners negotiate loan modifications, said the larger problem is that banks, many of which laid off scores of loan officers, are so swamped that many borrowers can’t get the attention they need.
Slate Magazine - Here Comes the Next Mortgage Crisis - Option ARM loans were heavily marketed to upper-tier home buyers in California. It’s hard to know how bad the option ARM crisis will be before it actually happens, but Moe Bedard, an advocate in Southern California who advises homeowners on foreclosure and blogs about the crisis at Loansafe.org says that the difference in the time until the rate rises is the main reason that upper-middle-class Orange County (now facing foreclosures at a rate merely twice the national average) hasn’t yet been hit as badly as places like Riverside.
Check Us Out in the Press Enterprise Inland Empire,Ca.
LoanSafe.org offers free foreclosure help that is based on a support community built around the premise of paying it forward and helping one another through this very difficult time. The homeowners below were able to stop foreclosure with the information and tools they obtained from this website to fix their loans and save their homes.
We hope to have many more success stories in the future and we hope you consider joining our fight to save our homes!
Success Letter of the Year – See a real Countrywide loan modification letter from the office of Angelo Mozilo Read the rest of this entry »
