http://www.mortgagefit.com/blog Behind the scene Sat, 21 Nov 2009 10:28:05 +0000 http://backend.userland.com/rss092 en The burst of the housing “bubble” has caused many a change in the housing and mortgage market. Many of the first time buyers are now skeptical about their chances of getting a home loan in this depressed economy, even though they possess good credit scores. Here’s what one such first ... http://www.mortgagefit.com/blog/loan-derogatory-items/ With the crisis in the real estate market, the American dream of homeownership has come to an abrupt end. Lots of people have lost their homes in foreclosure and many more are delinquent on their mortgage payments. Most people are facing such a situation mainly due to job loss. However, ... http://www.mortgagefit.com/blog/walkaway-affect/ Given the depression in the economy, many borrowers are uncertain as to whether they can meet the stringent underwriting guidelines and qualify for a particular loan program. Debt-to-income (DTI) ratio is one of the key factors that determine a borrower’s eligibility for a mortgage. In a forum discussion at MortgageFit ... http://www.mortgagefit.com/blog/dti-va-fha/ There are millions of people all over the world who die without a valid will. Their heirs may face serious problems while dealing with their property or how they should divide it amongst themselves. So, let's have a look as what a "will" is all about: What is a will? A ... http://www.mortgagefit.com/blog/will/ There was a forum discussion, where the poster wanted to do a deed in lieu of foreclosure on his house as he had to leave the property and move out of state. His house was destroyed by Hurricane Ike and he had to relocate to a different state for a ... http://www.mortgagefit.com/blog/dil-fha-loan/ If you've defaulted on your loan payments, you must be thinking of applying for a loan modification to save the property. We, the borrowers, think that it would be beneficial for the lenders and mortgage servicers to modify the loan rather than foreclose. But in reality, things are different. As per ... http://www.mortgagefit.com/blog/foreclosure-servicers/ Your mortgage can disappear – sounds too good to be true, isn't it? But, it can be true if you are lucky enough. If your lender is unable to find your mortgage paperwork, he will not be able to prove that he owns the mortgage on your property. Thus, the ... http://www.mortgagefit.com/blog/loan-disappear/ With many of the homeowners feeling the pinch of economic depression, loan modification has become one of the most sought-after options to avoid foreclosure. Recently there has been a forum discussion that focuses on an issue, where the lender charges off the second mortgage even after approving modification of the ... http://www.mortgagefit.com/blog/loanmodification-chargeoff/ In order to have a smooth transition into retirement, you should start planning as early as possible. If you're planning for your retirement, then it's important to identify your retirement needs first. Once this is done, it would be easier for you to determine your retirement expenses and income. As a ... http://www.mortgagefit.com/blog/retirement-checklist/ Of late, I came across a query in the forums, where a husband sought suggestions from community members regarding collection of a second mortgage debt. His wife took this mortgage before their marriage, solely in her name. After her property was foreclosed, she was sent a 1099-A form and she ... http://www.mortgagefit.com/blog/secondloan-collections/