Category Archives: Foreclosure
Seniors and Mortgage Debt
For decades, Florida has been an attractive destination for retirees, but it has changed a lot since today’s old geezers were young. In the 1980s, tiny anole lizards scurried across the sidewalk everywhere you went, but iguanas were only in zoos, but today, the sight of enormous green lizards lounging in the trees or… Read More »
Here Come the Zero Down Payment Mortgages
The signs of financial catastrophe are all around us. Grocery prices have not decreased much since the worst days of the pandemic. Well-paying jobs are beyond anyone’s hopes. Today, you are lucky if you can get a low-paying job and supplement it with gigs; most of us have no choice but to cobble together… Read More »
Short Refinances
In the Netherlands, the interest rates of home mortgage loans gradually decrease over the term of the loan, such that the mortgage refinances itself. If American consumers had that option, they would likely choose it whenever it was available, but we are unlikely to see Dutch style mortgages here anytime soon, because the mortgage… Read More »
Florida Needs Dutch Style Mortgages
Excitement has always been easy to find in Florida, but financial stability never has. Florida is where you go to build a glamorous mansion and show it off on MTV Cribs, only to have a hurricane reduce your house to rubble by the time the episode airs. It only makes sense that the most… Read More »
The Four Elements of Home Mortgage Availability
The bad news is that it is well nigh impossible to qualify for a home mortgage unless you are rich. Families with incomes just above $100,000 can barely pay their monthly bills, much less save any money to put toward a down payment. The slightly more encouraging news is that your home mortgage is… Read More »
New Tax Rules Could Make Homeownership More Affordable
Good news about personal finances is hard to find these days, especially when it comes to homeownership. Conventional wisdom has settled on the thesis that buying a house, if you have never owned one before, is beyond your greatest ambitions; it is the previous generation’s American dream, and in an era where households with… Read More »
Do You Qualify for Miami-Dade County Mortgage Relief?
If you own your house, then you are in a stronger financial position than most, but struggling to keep up with your mortgage payments is as stressful as falling behind on your rent. The foreclosure notices fill you with dread. You call your mortgage lender and try to negotiate, but there is only so… Read More »
Beware of Zombie Debt
It is bad enough when debt collectors keep sending you notices in the mail every month, when it is obvious to everyone that you cannot pay. It is even worse when a debt collector pops up out of the blue and starts bugging you about a debt that you barely remember that you owed. … Read More »
Misconceptions About The New Rules About Mortgage Lending
Google has an uncanny ability to figure out your vulnerabilities and exploit them, no matter how much you try to keep your poker face on while choosing search terms. Google knows that you are in debt, and it taunts you with promises of quick fixes to your debt situation. If you subscribe to anything… Read More »
Are “Buy Now Refinance Free Later” Mortgages Too Good To Be True?
It is easy to fixate on how much easier your life would be if you could remove just one financial obstacle. If you are renting your home, you daydream about how much less stressed you would feel about your finances if you could put the same amount of money toward a mortgage payment every… Read More »