Jan
22
Behind on an FHA Loan
Filed Under Finance :: Mortgage & Debt | Leave a Comment
If the loan that you need to stop mortgage foreclosure on is an FHA loan, you may be in luck! There is a possibility of receiving a payment from the FHA insurance fund to cover your past due amount. It covers as many as twelve past due payments. However, to be approved for the funds to stop mortgage foreclosure, monthly payments sign a promissory note giving HUD a lien on your properly until you can repay the insurance fund loan. The note is due when the FHA loan is paid off.
Dec
26
What Types of Assets Can I Lose When I File for Chapter 7 Bankruptcy?
Filed Under Finance :: Mortgage & Debt | Leave a Comment
What types of assets are vulnerable under chapter 7 bankruptcy laws depends on your circumstances and the laws of state in which you live. For instance, if the only vehicle that you have is the vehicle you use to get back and forth to work, you can most likely keep that car. On the other hand if you own an expensive or extra vehicle, those cars would probably be liquidated. With real property, you may be exempt up to $100,000. In some cases, depending on state law, there may even be some personal property that is exempt in a Chapter 7 bankruptcy.
Dec
3
Speed up calculations with online amortization schedule formula
Filed Under Finance :: Mortgage & Debt | Leave a Comment
No need to add burden to your loan and mortgage repayment by manually and excruciatingly calculating your home mortgage or loans. Use spreadsheet programs which can be a great help in creating a tabular calculation of your repayment system. Better yet, use online calculators which have built-in amortization schedule formula that can accurately compute your regular payment schedules. These come in forms and tables which are readily downloadable for your convenience. You need not be a math wiz to use those, all you have to do is input the necessary information and you can get faster and accurate results in no time.
