Welcome to Home Mortgages
Free Home Mortgage Article
This is a selection made from among articles on Free Home Mortgage. For a permanent link to this article, or to bookmark it for future reading, click here.
A Simple Debt Consolidation Loan Can Save You Money Immediately And Even Stop Foreclosure.
from: Keith HuntMany people contact us when they are 30, 60 and 90 days in their mortgage payments.
If they are this late with their house payment they are generally behind with the car and have several credits cards that are maxed out.
A simple debt consolidation loan would take of all these troubles. By using the equity in your home all the debts would be paid off and you are left with a clean slate and generally spending less money every month.
One benefit to a debt consolidation loan that often overlooked is the tax advantage. Interest on a home loan is tax deductible where interest on credit cards and cars are not.
Our office received a call early one morning from a man desperate to save his home and needed foreclosure help. He was already 90 days late on his mortgage and desperately needed to refinance and pull out money to pay off enormous debts.
He had just started a new job where he actually was making less money than before, and was in a real financial bind. His poor credit made it difficult for him to even qualify for a loan, let alone a low interest rate. To make matters worse, the next day he received a notice of default on his property.
This man was worried that his family would have no place to live. He was reassured that we would save his home and help him through this difficult ordeal.
We began immediately researching ways to help this client and found a lender willing to work with him and save his home just in the nick of time. His mortgage payment stayed about the same and he was able to pay off more than $25,000 in other debts, which alleviated several hundred dollars in credit card payments every month.
More importantly, this man's house was saved and his family was in a much stronger financial position.
A bank is a place that will lend you money, if you can prove that you dont need it, Bob Hope once quipped. But when you are going through a bad financial spell, you need an institution that will stand by you.
Banks tend to make loans that are risk-free to them. It is hard to imagine that any bank would have helped him in this situation. But as a nationwide mortgage banker we have ongoing relationships with lenders that specialise in different types of loans. This knowledge allowed us to help a client save a family home from certain foreclosure.
Although we have the ability to help in extreme situations such as this, we highly recommend that homeowners take action long before desperation sets in.
For more information please go to: http://www.GoldMedalMortgage5.com/Debt_Consolidation_Loans.htm
GoldMedalMortgage.com a nationwide home mortgage loan company, powered by Infiniti Mortgage Capital, also offers a full range range of mortgage products including first time home buyer programs.
For immediate assistance to stop foreclosure please call toll free 1 888 483 2500
About the Author
Camelot Marketing is a full service agency for small to mid-size clients.
Free Home Mortgage Specific links
Blinkx Video Search
- World's largest video search engine. Over 26 million hours of video.
-- http://www.blinkx.com/
Face to Bush -
- Exclusive exit interviews with President George W. Bush - Despite eight years in the Oval Office, we still have so much to learn about the 43rd President of the United States. www.Atom.com
-- http://www.atom.com/
Watch Free Videos At Mevio!
- Tons of Free Videos, Only At Mevio.com
-- http://www.mevio.com/
Ubergizmo: Consumer Electronics News and Reviews
- Ubergizmo is a trendy web magazine about consumer electronics news and reviews
-- http://www.ubergizmo.com/
Free Tech and Gadget Reviews!
- Watch GeekBrief With Cali Lewis on Mevio!
-- http://www.geekbrief.mevio.com/
Free Home Mortgage News
Obama asks for governors help on economy - Ann Arbor News
PHILADELPHIA (AP) — President-elect Barack Obama told governors Tuesday he wants their help in designing an economic recovery plan and vowed to work with Democrats and Republicans alike. Obama spoke to a bipartisan group of state chief executives ...
Read more...30-Year Rates At Lowest Since ‘03 - Daily News-Record
HARRISONBURG - The rash of federal government bailouts has had one positive effect on the housing market, according to a local mortgage broker. Last week, the Federal Reserve announced that it would spend up to $600 billion to buy debt issued or ...
Read more...Maximum Risk Didn’t Hurt These Investors: Jane Bryant Quinn - Bloomberg
Dec. 3 (Bloomberg) -- A popular variable annuity -- the one with guaranteed “living benefits” -- may be the riskiest product ever sold by the insurance industry. Risky to the health of the insurance carriers, that is. The guarantees are costing ...
Read more...US pumps another $800bn into mortgage and credit markets - Guardian Unlimited
The US treasury secretary Henry Paulson. He admitted that millions of Americans could not borrow any money last month. Photograph: Shawn Thew/EPA US authorities escalated their economic firefighting programme yesterday by pumping $800bn (£500bn ...
Read more...With a little help from Congress, homeowners could come to their own ... - Yahoo News
Richmond, VA. – The U.S. Treasury and Federal Reserve may need more than $700 billion to shore up bank balance sheets and restart the economy. So far, the ideas from Congress are doing nothing to improve the current dismal economic outlook. Instead ...
Read more...Letters, 12/3: What will we learn? - Lincoln Journal Star
When the dust settles from the current government-created emergency, what will be the lessons voters learn? Will it be that free markets are evil? That socialism works? Or will we begin to believe that government isn’t the answer? Will we realize ...
Read more...Register for FREE - Wall Street Journal
Here's a fact to mull over: Washington a few months ago might have bought the entire stock of subprime mortgages for about half the money committed by the Fed and Treasury last week to prop up Citigroup and spur consumer and mortgage lending. Corbis ...
Read more...NAFCU & NAFCU Services Corp. Launch CULookUp.com, Free Web Site to ... - Businesswire.com
WASHINGTON--( BUSINESS WIRE )--Looking for a great place for your money where you will find great rates, excellent service and your funds are insured, too? The National Association of Federal Credit Unions ( www.nafcu.org ) and NAFCU Services ...
Read more...Stocks waver after drop in home sales - MSNBC
NEW YORK - A mostly downbeat batch of economic news gave investors a reason to cash in some of their recent gains Wednesday, as stock prices fluctuated. Blue chips pulled back, while tech stocks that have lagged the market were rallying. Wall Street ...
Read more...Billions coming for mortgages, credit cards, student, car loans - USA Today
THE MORTGAGE PROGRAM Beginning next week, the Fed will buy up to $100 billion in debt from Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks in a competitive bidding process through the central bank's primary securities dealers. The Fed will ...
Read more...