Millions of American homeowners are communicating with their mortgage loan companies for a loan modification. Many homeowners are experiencing varying degrees of success and failure with mortgage re-structuring efforts, but there is a lesser sought-after avenue that provides a win-win situation for the distressed homeowner and mortgage lender [...]

Each summer millions of people rush to the gym to improve their health and physical image in preparation for fun times in the sun. However, what’s a great outer appearance if your financial stress is eating cutting years off your life expectancy? However, don’t [...]

According to Mortgage Bankers Association, over the past two years, 1 in 6 homes in the US have experienced mortgage distress as a result of the nation’s economic crisis, which was spurned by the housing market collapse. President Obama’s newly inaugurated administration made the housing crisis a priority and issued a loan modification program [...]

I recently got a call from a friend whose grandparents (80 years old) were placed into an expensive “no documentation” residential mortgage loan that is now foreclosing. The grandparents were seeking cash for medical expenses and didn’t qualify for a loan requiring full documentation of income [...]

I always know when a state’s lottery has reached an unusually high amount by the lines in the stores selling lottery tickets and the general buzz around offices and at the popular lunch spots. It seems most of us are all drawn to financial wealth of enormous proportions and even more so, when the [...]

Mortgage interest rates have increased by .5 % since last week and mortgage applications for refinances have dropped by 25% since then. The increase of a half a percent equates to about $50/month per $100,000’s of debt. Many banking industry experts are saying the historically low interest rate period is over and some industry heads [...]

I stumbled across a contest to determine the best ways to earn some “extra” cash. And as a proponent of financial literacy, I am always in search of new ways to find “extra” cash, but after considering all the activities I have used to “find extra cash,” I thought the fastest and easiest manner [...]

Buying a home in this market is a no-brainer to anyone that understands financial literacy. Home values are at an all time low, the inventory of empty homes are higher and mortgage interest rates lower than any other time in recent history. However, since the economy is still in the “red” and news [...]