Pedro's blog

Lenders want to avoid foreclosure just as much as the borrower. Lenders provide mortgages for one undeniable reason - the profit (money). So, if you go for foreclosure, then they’ll lose their margin of profit on the property.

Lender are not interested to invest in the housing market just to own and sell properties. They want to gain profit by lending money. That’s why many lenders are willing to work with borrowers who decide to go for foreclosure. They even offer loan modifications and short sale options to prevent a foreclosure, and keep the money rolling.

If you have a mortgage through a private lender, you might be thinking if you can possibly refinance it into a traditional mortgage.

Refinancing a private mortgage into a traditional mortgage is practically quite identical to a standard conventional mortgage refinance.

So, similar to a mortgage refinance option, you must keep your eyes on few things first:

When it comes to gather extra money, one of the most underutilised sources we have is our home. It doesn’t have to be the place where we dwell in always, but it can also be an easy money generator.

Here are a few ways you can encash your home to get more money.

1. Host a yard sale

Yard sales have a default advantage than other garage sales or indoor sales.

You can put several items in your front yard that you wish to sell. You can decorate trees and make the place cozy with decorations, umbrellas, and other attractive items.

Purchasing a home is a costly affair. You need to consider a lot of things like location, neighborhood, purchasing capacity, and so on before applying for the mortgage.

Check out some do’s and don’ts that you must follow while purchasing your home-sweet-home:

Yes, it is possible. You might have done a lot of hard work to get the home loan initially. But today, if you want to save a decent amount from the monthly payments, refinance can be the prime option you have in the first place.

Here are some reasons why you should consider refinancing your home.

When it comes to giving a financial help that someone will remember always, paying off someone else's mortgage might be the best gift ever. How can paying off mortgage for someone else is considered as a gift? Here's a basic picture that you must know first:

Paying off someone’s mortgage as a gift

Yes, it does.

According to recent reports, "Wells Fargo would pay $35 million to settle legal claims stemming from allegations of racial bias."

Continue reading to discover more about this ugly truth of the mortgage industry.

What is mortgage discrimination?

Mortgage discrimination means denying home loan to individuals or a group of people on the basis of their race, religion, sex, or ethnic origin.

Are you prepared for your tax filing? Tax season is at your door steps - don’t forget the last date of your tax filing. Yes..it’s on April 18th. You probably have started filling out your tax forms, but if you are a homeowner, you may have questions regarding how to properly file your taxes.

Being a homeowner you’ll find many tax benefits, but some homeowners hesitate to take the full advantage of them.

At present, if you are living in a rental home or an apartment due to short of funds, here’s a good news for you. There are few mind-blowing home buying options that’ll help you to get out of the loop of being a “tenant” and fulfill your dream of buying a house.

Let’s check them out:

Many homeowners are haunted by zombie foreclosures. Are you one of them? If so, then you must know what it is, why it happens, and how to avoid it.

Check out below so that you can avoid being a victim of zombie foreclosures:

a. What is a zombie foreclosure?

A zombie foreclosure happens when a homeowner vacates the property after being notified by the bank, but then the bank stops the foreclosure without informing the homeowner. This leaves the home in a state of uncertainty. The homeowner still owns the house, even if no one stays there.