Category: Finance Tips

By Ed Staff
By this time, you’ve probably heard the term “loan modification” ballyhooed as the great savior of distressed homeowners. Indeed, there has been quite a bit of talk about it in the current housing crisis and economic climate.

So just what is loan modification and what can it do to help…



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By Amy Nutt
Buying a new home can be a very exciting time in a persons life. There are many considerations one should be aware of before taking the plunge into new homeownership. Before you make this huge life investment, you should ask yourself the following questions:

Can I afford a new…



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By Aida M.S.
We hate to pay rent and choose a more wise option - to buy a house and then the mortgage story begins. When it comes to mortgage payments, banks are very careful. Just a few missed payments are enough for foreclosure and you could end up losing your house. During economic crisis and…



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By ODFR Team
Interest Rates … Interest Rates … Interest Rates.

They have dominated our newspaper frontage, television time and party talk for the last 18 to 19 months. And we have been lulled into the belief that a lower interest rate is automatically better than a higher interest rate. Yet…



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By Greg Shuey
Are you having a hard time deciding if you should buy a house or not? One of the things a potential homebuyer considers before getting a housing loan is whether they can afford the mortgage payment or not.

It is not uncommon today for many homeowners to default on their mortgages and…



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