Monthly Archives: June 2008

How Do You Get a Principle Reduction for Your Loan Modification?

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In April, 59% of loan modifications reduced payments, 29% increased payments and 12% of modifications kept payments steady. Today only 2% of loan modifications have gotten a principle reduction. If you don’t modify your loan sufficiently, re-default is likely. You have to know how to get a principle reduction if at all possible for your circumstance. We can help at www.refsloans.com. Get your FREE Financial Check up now!

Both of Us Had Individual Mortgages Prior to Our Marriage, We File Joint Now, Can We Claim Interest on Both?

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mortgages

We each had a mortgage prior to our marriage, we live in my home, and pay a higher interest amount due to the loan amount. Can we claim my home as our primary if his name is not on the loan, but he is listed first on the federal tax refund? I know I can claim interest on up to two mortgages, but my name must be on both. Help!

Deals Intelligence: 07-08-08

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strategic and private equity M&A transactions dominated the media headlines on what seemed like a daily basis, acquisitions related lending activity accounted for 29% of total proceeds and refinancing, 22%. Among the top 20 loans of the quarter, 12 deals were refinancing related. Some huge-name refinancing borrowers included GMAC Mortgage, Wal-Mart, Dubai World, Morgan Stanley and UPS. In terms of sectors, Energy and Power borrowers led with 123 billion dollars in proceeds, or 20%, …

Mortgage Rates, Fed Support, and Jumbo Mortgages

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Loan officer Dan Green answers reader questions from Twitter including “What will mortgage rates do after the Fed withdraws support?”, “How do I do a stated income loan?”, and “Are jumbo mortgages coming back?”. Dan is based in Cincinnati, Ohio and blogs at themortgagereports.com. Image courtesy Maitri (http