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What does home equity line of credit means? A Home equity line of credit is form of revolving credit in which the home is used as collateral. In most of the cases, credit lines are second mortgages but they will be in the first position. Equity lines of credit are considered as open-end mortgages with […]

President Obama has instructed financial lenders to speed up the review process for loan modification agreements under the home affordable modification program. While homeowners are currently struggling to avoid foreclosure, it seems that most financial lenders are simply not reviewing their customers application as efficiently as they should. Finding loan modification help has become easier […]

Borrowers facing high, unaffordable mortgage payments should take advantage of Government help. The making home affordable refinance program was announced by President Obama for struggling homeowners to avoid foreclosure and to keep them in their homes. This home rescue effort is a $75 billion program in incentive money and is intended to help up to […]

The primary goal of the Making Home Affordable Program is to help with stabilizing the current market housing prices. By helping you with keeping your home that puts one less foreclosure into the market that just ends up selling at a lower than market price. The government believes that using the home affordable refinance program […]

There is some good news for homeowners who are considering applying for FHA loan modification. The Housing and Economic Recovery Act of 2008 has paved way for the FHA to arrange for more funds if necessary in order to help struggling house makers in preventing home foreclosures during the current economic recession. The Housing and […]