These terms refer to a scenario when the balance of outstanding debt secured against a property is greater than the property is worth today. Many homeowners face this challenge today due to falling real estate values. This often prevents a homeowner from refinancing. If you have been denied for a refinance, a loan modification may be the answer. American Debt Advisors can help you understand your options and inform you of other alternatives like short sale, deed in lieu of foreclosure, or loan modification.
2nd Mortgage Rates
When you need money, sometimes a second mortgage is the answer. Second mortgages, also known as home equity lines of credit (HEL [...]READ MORE
If you've found that a refinance isn't for you, there may be another option for lowering your monthly mortgage payments — if y [...]READ MORE
Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called Loan [...]READ MORE
The target of the program is 7 to 8 million struggling homeowners at risk of foreclosure by working with their lenders to lower [...]READ MORE
The Home Affordable Modification Program (HAMP) is designed to help financially struggling homeowners avoid foreclosure by modif [...]READ MORE