Mortgage and Refinancing Information Channel:
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Mortgage Debt Elimination in 5 to 7 years!
Mortgage Debt Elimination shows that most home loan debts will be secured. Secured debts usually are tied to an asset, like your house for a mortgage. If you stop making payments, lenders can foreclose on your house.
Unsecured debts are not tied to any asset, and include most credit card debt, bills for medical care, signature loans, and debts for other types of services.
If you fall behind on your mortgage, you must contact your lender immediately to avoid foreclosure, don't wait 2 or 3 months. Most lenders are willing to work with you if they believe you're acting in good faith and the situation is temporary, please tell the truth.
Some lenders may reduce or suspend your payments for a short time, mortgage debt elimination shows you that when you resume regular payments, you will only have to pay an small additional amount toward the past due total.
Other lenders may agree to change the terms of the mortgage by extending the repayment period to reduce the monthly debt. Ask whether additional fees would be assessed for these changes, and calculate how much they total in the long term.
If you and your lender cannot work out a plan, contact a housing counseling agency. Some agencies limit their counseling services to homeowners with FHA mortgages, but many offer free mortgage debt advice to any homeowner who's having trouble making mortgage payments.
Call the local office of the Department of Housing and Urban Development or the housing authority in your state, city, or county for help in finding a legitimate housing counseling agency near you.
The prospect of debt elimination is something that many Americans are dealing with today. If you are concerned about your current debt situation, constantly trying to eliminate debt from your life, you are not alone.
In fact, over half of all American households have trouble meeting their minimum monthly obligations, driving them further and further into debt.
Interest on the average home mortgage will cost the homeowner nearly TWO TIMES the cost of the home.
If you were to purchase a $150,000 home with a $120,000 mortgage (80%), and you paid an interest rate of 9% for 30 years, you will have paid over $227,500 just in interest (in addition to the original $120,000). That's nearly two times the cost of the home!
Without mortgage debt elimination, you can pay-off your home, credit cards, car loans and other debts the slow, old-fashioned way and maybe end up with a few thousand dollars saved for your retirement years...or you can stop living Pay-Check to Pay-Check. Starting Today!
NOW! Imagine what you will feel like, when you wake up one morning and absolutely know that all of your debts have been eliminated, and you Now Own Your House, mortgage debt elimination shows you how.
For More Infomation And Resources Visit: http://www.debt-elimination-program-reviews.com They review and then list some of the best debt elimination, programs, software and books available online in 2005!
MORE RESOURCES updated Thu. June / 08 / 2023
Here Are Your Options if You Can't Pay Your Mortgage The Motley Fool
The Great Pandemic Mortgage Refinance Boom - Liberty Street Economics Liberty Street Economics -
UK mortgage borrowers face painful refinancing, warns think-tank Financial Times
Today's Mortgage, Refinance Rates: June 8, 2023 | Rates Fluctuate Business Insider
Compare Today’s Refinance Rates | U.S. U.S News & World Report Money
No-closing-cost refinance: What it is and how it works Yahoo Finance
What is mortgage refinancing and how does it work? Yahoo Finance
How to get a low-cost mortgage refinance Yahoo Finance
This Is the No. 1 Thing to Remember About Higher Mortgage Rates The Motley Fool
The Fed’s man-made housing market recession hit so hard that 4 real estate titans just lost their Fortune 500 status - Yahoo Finance
The Fed’s man-made housing market recession hit so hard that 4 real estate titans just lost their Fortune 500 status Yahoo Finance
Ginnie Mae's MBS Portfolio Hits $2.4T in May DSNews.com
Total Household Debt Reaches $17.05 trillion in Q1 2023; Mortgage ... - Federal Reserve Bank of New York
Total Household Debt Reaches $17.05 trillion in Q1 2023; Mortgage ... Federal Reserve Bank of New York
Fixed rate cliff spurs record mortgage refinancing MacroBusiness
Will Mortgage Rates Go Up After the June Fed Meeting? The Mortgage Reports
How does mortgage refinancing work? CBS News
Should I Refinance My Mortgage? - Buy Side from WSJ The Wall Street Journal
Here’s how sharply mortgage refinancing has dropped off Yahoo Finance
Today’s 30-year mortgage refinance rates hit lowest levels in 15 days | Oct. 28, 2022 - Fox Business
CFPB Launches Effort to Spur New Opportunities for Homeowners ... - Consumer Financial Protection Bureau
CFPB Launches Effort to Spur New Opportunities for Homeowners ... Consumer Financial Protection Bureau
Analysis | It Will Pay to Wait to Refinance Your UK Mortgage The Washington Post
Why Older People Can’t Get New Mortgages The New York Times
Should you refinance your mortgage to pay off debt? New York Post
VA refinance rates - current VA loan refinance rates today Business Insider
Small Business Loan Refinance Bankrate.com
Current 15-year refinance rates today Business Insider
11 Home Refinance Loans For Bad Credit (June 2023) BadCredit.org
Refinance Closing: An Overview Zing! Blog by Quicken Loans
What Credit Score Is Needed To Refinance a House | Chase Chase News & Stories
Compare Current 30-year Refinance Rates Business Insider
7 Refinancing Programs for Seniors Total Mortgage