A look at how homeowners with Freddie Mac and Fannie Mae loans are saving their homes through home loan modifications. More homeowners are qualified than they realize.

When it comes to the mortgage market it is a veritable mine field, you never quite know when you are going to get your toes burnt. Who do you turn to for advice, are the banks just pushing their own products and how do you know whether or not you are making the right decision for you and your future?

A home purchase at Virginia

For those who have plans of purchasing a home at Virginia, there are great chances that they can find the best options in terms of structures of mortgages offered by lenders.

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By John L. Hosack and Joffrey Long

Finally! The delays are over and your foreclosure is going to sale. The trustee asks for bidding instructions. The grand total owing on your loan (a first trust deed) is $575,000. The value of the property is $500,000. Would you open the bidding at $575,000? It could be a big mistake. Surprisingly, many otherwise sophisticated lenders and servicers, including large banks, are completely unaware of this problem.

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According to Freddie Mac, mortgage rates fell again this week with a 30-year fixed rate mortgage now at an average 4.95%.

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Refi is getting rid of an old loan and replacing it with a new loan. This allows you to save money. There are some risks involved. People who do a bad loan refi will typically get a better deal. Additionally, a lower interest rate is typically achieved as well.

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