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Credit Rating

Equity Stripping: Pros and Cons

If you’re looking to rescue your home from foreclosure, equity stripping might help you. This is something that can save you in several ways:
1. You get some money out of your house
2. You don’t get dinged with foreclosure on your credit rating
3. You can live in your house as a renter and not have to [...]

Obtaining a Mortgage after Foreclosure is Very Possible

Obtaining a mortgage after foreclosure is not only possible, but also easier than you many think. This is not to say that lenders will be knocking on your door begging to borrow you money to purchase a home, but obtaining a mortgage after foreclose is definitely possible. Many lenders may hesitate to give a mortgage [...]

Mortgage Loans are Possible after a Foreclosure

You’ve worked hard many years to be able to purchase the home of your dreams. Many of these years were spent scrimping can cutting corners to try to save money for this home. Once you got your mortgage, you counted the years until it would be paid off and owned by only you instead of [...]

There Can Be a Mortgage after Foreclosure

Having a home foreclosed on an individual or couple can be devastating to them personally as well as financially. This blotch on their credit rating stays for quite a few years. They probably think their chances of ever owning a home again are nil because they don’t think they can get another mortgage after a [...]

Housing Market and Foreclosure Loans, New York City

New York City, NY, was one of those places that really inflated values during the height of the housing bubble with such a hot market that prices shot through the roof. So it doesn’t come as a surprise that foreclosure rates are now also shooting through the roof, with the metropolitan area being listed as [...]

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