Low Credit Scores Add Up, and here is an article to explain how to save money by increasing your credit score prior to getting a mortgage. Please read the original article by David Wharton below, and more articles by David. https://dsnews.com/daily-dose/05-16-2018/low-credit-scores-add-up A “fair” credit score between 640 and 679 could cost a borrower around $720… Continue reading Low Credit Scores Add Up in a Mortgage
Author: hudhousinghelpcom
Movement Mortgage is in the Winner’s Circle
Movement Mortgage is in the Winner’s Circle. Here’s what CEO Casey Crawford is doing to fix it Caroline Basile carolinebasile@housinwire.com httpss://www.housingwire.com/articles/43385-movement-mortgage-in-the-winners-circle-we-need-to-increase-black-homeownership Casey Crawford, former NFLer and CEO of Movement Mortgage, joined HousingWire Editor-in-Chief Jacob Gaffney for the latest edition of his podcast: “The Winner’s Circle.” Crawford also appeared on a recent cover of HousingWire magazine.… Continue reading Movement Mortgage is in the Winner’s Circle
Housing Counseling Agencies on the Government Shutdown Oct 2013
As you may know, the Federal government’s spending authority expired at midnight, Monday September 30, 2013. Therefore most HUD programs have been temporarily interrupted and most HUD employees have been told they cannot work. Like all Federal agencies, HUD is required to develop a plan in case there is a lapse in appropriations, often referred to as a government shutdown.
What is a deed-in-lieu of foreclosure ?
A deed-in-lieu of foreclosure means that, in order to be released from your mortgage, you must transfer ownership of your home to your lender. If you choose this option, a U.S. Department of Housing and Urban Development (HUD)-approved housing counselor can help you plan your next steps.
What is a Loan Modification or Loss Mitigation
Mortgage modifications or Loss Mitigation is when changes in the terms of a mortgage loan designed to make it more affordable to the borrower. There is Hope when it comes to Loan Modifications. Generally, modifications are available only to borrowers in default, or in imminent danger of default from impending rate increases that will make the mortgage payment not affordable to them. The purpose is to cure or avoid the default, thereby avoiding foreclosure.