Blogs

As economists predict another recession coming, borrowers may find themselves in a financial situation of difficulty making monthly mortgage payments. When this happens, you may have to ask your lender to make changes to the terms of your existing loan to make payments more manageable. These changes are referred to as loan modifications. They may […]

Whenever an individual files for bankruptcy, either under Chapter 7 or Chapter 13, that person will be required to attend a meeting with their creditors. This meeting, otherwise known as the 341 meeting, gets its name from section 341 of the bankruptcy code. This meeting is an informal meeting with about twenty to thirty people […]

A mortgage loan modification is an adjustment made to the terms of your original loan that will help you obtain a lower monthly or biweekly mortgage payment. Most people who are suffering from a financial setback consider applying for a loan modification. But few people understand how loan modification works. What is involved in the […]

It is challenging for people to ask for financial help when they need it. However, many people go through difficult times in their lives where they fall behind in their mortgage payments. If you fall several months behind on your mortgage payments, have been turned down for a loan refinance, and are facing a long-term […]