MortgageFit Blog

If you are upside down on your mortgage and don’t know how to handle the situation, then the Home Affordable Refinance can help your cause. This is a new program introduced by the Obama Government to assist millions of homeowners who can’t refinance their property due to loss of equity.

Home Affordable Refinance Program in brief:
It is a program which lets you to refinance your existing mortgage into a fixed rate loan for 30 years or 15 years even though you owe more on your mortgage than your home is worth. While you refinance the mortgage, you can take advantage of the current rates prevailing in the market.

Eligibility for Home Affordable Refinance:

• You must be current on their mortgage payments. Also, your mortgage should have been originated before January 1, 2009.
• The 1st mortgage on your home should not exceed 105% of the present market value of the property.
• Your loan should be backed by Fannie Mae or Freddie Mac. Homeowners with jumbo loans do not qualify for this program.
• You can take advantage of this program only for your primary residence.
• You should have sufficient income to pay off the loan according to the new plan given by the lender.

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We are happy to announce that the Community has rewarded 8 valuable members with the ranks “Community Mentor” and “Community Experts“.

Sam (Site Admin of MortgageFit) along with Team has reviewed the members’ participation and come up with the short-listed members. While short-listing, the Team tried to filter members on the basis of defined criteria, the members’ quality and his intention of sharing information.

MortgageFit Community Mentors:
George M. Akerley Mortgage Consultant First Horizon Home Loans Bloomfield, Connecticut
Jessica Bennet Financial Writer MortgageFit Ohio
Samantha Taylor Financial Writer MortgageFit Massachusetts
MortgageFit Community Experts:
Eugene Volovik Account Manager Team USA Mortgage Minneapolisticut
Michelle Keck Mortgage Consultant Mortgage Network Solutions
Charles “Chuck” Armbruster Loan officer Lifetime Mortgage LLC Mesa, Arizona
Robert Enriquez Sr. Mortgage Consultant North Carolina Mortgage Charlotte, North Carolina
Cedric Kalvesmaki Mortgage Broker Freedom Mortgage Dallas, Texas

From now onwards, we are going to open this challenge to our moderators, who will decide upon the upcoming community mentors and community experts. As a community, we are looking forward to get their valuable contribution in future too.

[tags]community mentor, community experts[/tags]

Hi All,

Having a good credit record is a primary factor for getting some of the best mortgage offers. But in today’s market, one of the major concerns for those looking for mortgage is having bad credit.

Due to low score or negative remarks on credit report, sometimes it’s simply not possible for us to get a mortgage and fulfill our dream - that of having a Sweet Home. And even if we get an offer, the rates and fees are too high.

So, all you do is to leave aside your dream home just because you don’t qualify to be the most creditworthy borrower! Or else you take out loans with higher rates and payments and then like many out there end up in foreclosure which seems to be rising day by day.

It’s time now to wake up and start thinking on it. By this I mean, we need to think twice if we’re looking to get mortgage and our first job then will be to check our credit status and start analyzing what went wrong or how we can make it even better.

“Oh no! How could you analyze it? You are not aware of any tips and traps of making your credit better” – This is what you may think and frankly speaking this is what I often used to think.

For all those having credit issues, there’s nothing to worry about! MortgageFit Credit Repair Tool is your solution.

MortgageFit has come up with a tool “Credit Repair Tool - Analyze and fix your Score“.Here you can start analyzing your credit report yourself and get valuable suggestions to repair all your negative remarks for 5 main sections that can bring down your score by several points:

1. Bankruptcy
2. Charge-Off
3. Collection
4. Judgment and
5. Late Payment/Delinquency.

So what are you thinking? Let’s start analyzing your credit! And while you do so, don’t forget to leave behind a comment stating how this tool helped you.

[tags]credit repair tool, credit analyzer, improve credit score[/tags]

Hi All,

Today we have come up with our Industry News section with a new look and after fixing some logical bugs.

Now the community members can share any mortgage news or latest happenings in the mortgage or finance industry from any news site or blog.

I personally feel, it will give a platform to financial bloggers who can share their interesting blog posts covering industry happenings with a large community and collect their comments.

And the members who don’t have their own blog can also share any new site or other blogs covering latest industry happenings with the community.

So, let’s make our community aware of the latest in finance!

This time we have done something for the industry. People do look for resources from where they can syndicate content for knowledge and information.

We have redefined our syndication process for better use. We have implemented through javascript. Now you have less code to copy. Example can be found at http://www.mortgagefit.com/syndicate/

Country Specific Sites

We are also launching MortgageFit to 2 others countries (UK and Canada). Our plan is to spread our services across the globe so that people can take benefit of our community services. We have given separate sub domains to all the countries and soon we will see MortgageFit giving services in all the countries.

Recent Launches

• Blogs

MortgageFit has launched its own blog for its community members. You can develop your blog just the way you like it. Our blogs can be used as personal diaries and most important is they don’t have to go anywhere if they are interested in making blogs.

• Wiki

It’s a user friendly system through which you can expand your knowledge on a particular topic of interest. You can write as well as edit the existing content in our wiki.

• Modernized Cache System - NEW

Our newly developed cache system is intended to make MortgageFit faster. Our community is increasing and so as the expectations. We need to live to the thoughts by giving quality services and our new cache system is one such effort towards it. This system will make our website faster. It’s working on the concept of 404 handlers. On the its functionality part i will discuss it later.