Are you behind on your mortgage or do you know someone who is?
Well, let me warn you.
Unscrupulous companies are sending letters offering assistance in saving your home from foreclosure. But it’s a scam.
They just want to bilk you out of your money.
Throw the letters away. Don’t even open [...]
Should you pay off your mortgage early or stash the extra cash?
I just woke up thinking about a plan to pay off all of my debt. I’ve done it before.
Three years ago, I paid off all my consumer debt and collections to bump up from a poor credit score to an excellent rating that enabled me to have my first home built at [...]
With so many scams out there, it’s only natural for people to be skeptical and guarded about organizations that offer assistance to save your home from foreclosure or to make your home more affordable.
Incidentally, Obama’s Making Home More Affordable program is a web of confusion and has only helped thousands insteads of [...]
I just saved my mom from being a victim of a home modification scam. You would think she would have learned from being scammed two years ago, but she was about to fork over $1,000 bucks for help to save her home.
Two of the biggest financial authorities Suze Orman and Robert Kiyosaki have downplayed the American dream of home ownership. Kiyosaki, author of N.Y. Times’ best-seller Rich Dad, Poor Dad, has always written that a house is a liability an not an asset. Orman, also a best-selling author who has a weekly financial advice show on CNBC, recently said “a house is not a home” but just “a place to lay your head”.
How to save your house from foreclosure, lower your mortgage payment
Despite getting bailouts from the Bush and Obama administrations, banks are playing hard ball with homeowners who want to avoid foreclosure. I’ve read and experienced myself that banks aren’t willingly to give home loan modifications until a person is behind on the mortgage, and even then, the home is moved into foreclosure status [...]
Suze Orman says put off retirement to pay off mortgage early (video), but don’t do it
I’m not knocking Suze Orman. But I’m warning her followers not to heed her advice to make extra payments to your mortgage bank in order to pay off your house early.
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