Help For Home Loans

Rod Set 3 Day After

2009-08-29T08:57:00.000-07:00

My rod 3 days after results. So I did my rod set on Wenesday and It came out nice shinny and full of spiral curls. I did notice that I should have went smaller in the crown area of my head. Seems as if I lost a considerable amount of hair becuase of the weave up style pony tail at had in August, to much glue.

I still needed a good moisturizing sheen gloss type spray for my hair every day. Remember we have to put moisture on our hair everyday to prevent from breaking. I went to sally's beauty and I was lookinig for something with natural oils in it as well as on the cheap side. That is becuase I am ordering natural products from healthy hair and she has included a moisturing gloss in her package.

After going through several gloss spays and mist I found Luster Pink Glossier (brilliant shine formulated with Shea Butter, Jojoba Oils and Aloe) for a silkty smooth sytling. It seems to make my hair reall y soft and shinny with no gressy feel and it did not weigh down my curls.

So day three and my hair still looks good. The curls have fallen a bit but sitll has that curly look and it is soft and looks really healthy. I got a lot of compliments while I was doing some shopping yesterday so I do recommended the product to others.

I have been putting the Doo Grow on my temples trying to stimulate some growth there. Doo Grow has a lot of natural oils in it so I will use it until my products get delivered and see what it does. I have not deceided to purchase my hair pills mainly becuase I want to see how the products do for my hair so I can know the difference. Maybe I should order the pills and just hold on to them so when I get ready to take them they will at least be available.

Loan Modifications - Discover The Secrets To A Successful Loan Modification

2009-05-05T09:23:00.000-07:00

Loan Modifications - Discover The Secrets To A Successful Loan Modification. If you choose not to use a third party and want to do your own loan modification to lower your mortgage or save your home from foreclosure now you can.

Who should you speak with when you call your Lender?

If you are having problems making your mortgage payments, the first thing you should do is speak to your lender so that you can work out some sort of agreement. Unfortunately, many borrowers do not follow this rule.

Studies show that at least fifty percent of borrowers who have defaulted on their loan or missed a payment never even contact their Lender.

Short Loan Modification Tutorial Video How Do It Yourself Can Help You

Banks are not in the business of property management. They do not want to "take back" your property! They are more inclined to work out an agreement with you so that they can receive mortgage payments and you can stay in your home, rather than go through the foreclosure process which can be costly and expensive.

Although it seems overwhelming, you must make that first phone call to your mortgage company so you can find out what your options are and what you should do next. But what department do you speak to? Who do you ask for?

The first thing is to understand how Banks and servicing companies work and what department you need to concentrate your efforts on. This will depend on what stage of the default process you are in.

Firstly there is the customer service department who usually answers any general inquires and are able to help you with your account if your account is current. But if your account is not current, then you will need to speak with the second level contact department.

The second level contact is the collection department. This is usually the first department that you are transferred to when your account initially becomes delinquent. This department has one major purpose, and that is trying to collect a debt. They are trying to get you to pay any money that you might owe the lender and are not in the business of negotiation.

The next level which is the most important, if you are trying to get your loan modified is the loss mitigation department. This can also be called loss prevention, loan modification, Work out department or loan resolution or foreclosure prevention department. In the end they all mean the same thing - that is helping you to work out some agreement to pay your loan.

It is very common for these departments not to speak with you initially. Many banks prefer for you to speak to collections first and do not give out any direct numbers to the modification departments. But you must be
persistent. Some banks will even tell you that they don't have a mitigation department. They all do!

The Lender's Loss mitigation specialists are usually loan officers who will look at loans on a case by case basis to see if they qualify for a loan modification. It is important to remember that not all loans qualify for modification.

The Last Department is the "Home Retention" Department. Not all banks have this department, and some will simply have one "Loss Mitigation" department that handles all cases which have gone into default, no matter what stage you are in. This department is essentially the last stop before they start the foreclosure process. They will usually be able to offer a last resort to foreclosure.

You must remember that if you are going to contact your lender, you will generally be on the phone for a very long time and may be transferred many times. But if you know which department your loan will be handled by, you can cut this time short.

The best thing once you have been transferred to the right department is to get to speak to some one who can be the contact for you on your case. This way, you are always speaking to the same person. Just make sure you have their direct extension as well as their fax number.

Each time you speak with some one make sure that you write down their full name or ID number as well as their department and the time that you spoke to them. So long as you are persistent and reiterate your intention to each individual to make sure that you are speaking to the right person you should achieve your goal!

I know that this was a long article, but we often get asked this question, so we wanted to give everyone a good understanding of what to expect!

To get even more information about modifying your loan, follow this link:

Learn The Secrets To Doing Your Own Loan Modification

Regards,

Kim Dion
Mortgage Broker
Loan Modification Made Easy

Loan Modifications - Before You Call Your Lender

2009-05-04T18:58:00.000-07:00

Image by Getty Images via Daylife

Loan modification what to do before you call your lender. While not everyone will be able to avoid foreclosure it is important to know what you can do to save your home from bank foreclosure. I have listed a few of the things you should do before you make that call.

Why Should You Call Your Lender:

You should stay in close contact with you mortgage lender if you are facing foreclosure, behind on payment or just finding it difficult to continue making your current mortgage payment. This is very important because it show the bank that you are looking for a solution and will to work with them in finding one fast.

Proactive Step To Take In Dealing With Lowering Your Mortgage

The process to finding a workable solution could take some time so be patient. You could speed things up by gathering the necessary paperwork that your lender may need. The bank needs to get a clear pitcher of your financial situation. For instance, have you lost income, did you get laid off from work or had to change jobs and now make less, is it because you have an adjustable rate mortgage and now it is resetting to a higher amount.

The banks need to know you monthly expenses, income and other owned assets. The sooner you lender has this information the sooner they can start looking at a solution for you. Word of caution, some banks are sending home owners load modifications int he mail without knowing any of this information. If you receive papers in the mail regarding a loan modification call you lender and request a loan modification package, fill it out and get it back to your lender.

Mortgage Loan Modification Documents To Gather:

Proof of income: Pay stubs one full month, Social Security Income Statement, Disability Income Letter, Unemployment Income letter. The bank needs documented proof of your income not just your word on paper. If you are getting assistance from a family member you probably want to get a singed statement from them regarding the monthly amount. If a household member is contributing to the mortgage some lenders request they pay stubs as well. Be sure to list any inc0me that you are receiving from all sources.

What Should Your Monthly Expenses Include

The bank wants to see a list of all your monthly expenses. It is important to list monthly mortgage payment, including any amounts of insurance or taxes that are not es crowed. all you monthly house hold expenses such as Food, for transportation, cable, auto loans, credit card payments, insurance, medical payments (out of pocket), water, lawn, day care, house alarm, entertainment, cell phones, home phone, lunch money for work, insurance for auto loan and any other expense that I have not mentioned here. If you are paying child support or alimony be sure to include it as well.

What Is Other Assets That The Bank Ask For

Other assets would be a list of other asset owed like real estate, 2nd home or rental property, boats, time shares. This may also include your retirement income or stock, bond or other investments. You will also have to list checking and savings account balances and provided bank statements for each account.

Finding a long term solutions is important and I am sure you don't want a temporary fix to your problem. So the sooner you speak to your bank the better. Stay in contact with your bank on the status of your loan modification. Be polite and curtieous to the person answering the phone a lot of time the company your calling is just the servicer and not the investor of your mortgage.

I hope this help..

Kim Dion

If you are a home owner about to make that call gather up these documents:

What Is The Difference Between Deed in Lieu and Foreclosure

2009-04-29T17:39:00.000-07:00

The Difference Between Deed in Lieu and Foreclosure. That is a great questions and many homeowners in foreclosure or behind on their payments may not realize they can perhaps avoid having a foreclosure on their credit by asking their lender to take back their home with a deed in lieu of foreclosure.

First let's define what is a deed in lieu. According to Wikipedia, it is an deed instrument which a borrow or home owner (mortgagor) give up all rights to property to the lender (mortgagee). That simply means you give up all rights and entitlement to the property. Handing the deed back to the lender and saying "I'm done the property is now your". By doing this you are avoiding costly foreclosure proceedures and avoiding a foreclosure proceeding which can be frustrating and nerve racking.

Returning the property to the bank has many advantages to a home owner.

Immediatly release of debt associated with mortgage loan
Avoid public notice of a foreclosure in the paper and county records
May give a home owner more favorable terms than a full blow foreclosure
Prevents the borrow from having a foreclosure on their credit

So how does this differe from a foreclsure. Well let us briefly examine what is a foreclosure, well it is a legal preceedure in which the lender or lein holder gets court order to terminate the home owners equitable right of redemation. The reason bank wants to terminate your equitable right of redemtion is because under the law there is a redemtion period where they home owner has a certain amount of time after foreclosure to redeem their home back.

When a home owner goes defalut on a loan it is considered a default in payment of promossery note which secured by a lein on the property. When the process is complete the lender can sell the property to pay off its mortgage and any other fees incurred in the foreclosure procedure.

If a borrow has a promissory note that has a recourse clause the bank can come after for anythink that has not been satisifed when the lender sells the property. They can file a deficiency judgement against the borrower, although with the new bill in place lenders are working with homeowners to lessons the burden of deficiency fees. Consult with your real estate attorney or mortgage lender about recourse clauase in your note.

Refernece:

http://en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

http://en.wikipedia.org/wiki/Foreclosure

Refinance Mortgage Options

2009-04-28T13:50:00.000-07:00

Image by respres via Flickr

Refinance mortgage options for home owners are looking up thanks to the new Obama $75 billion Homeowner Affordability and Stability Plan announced to the world. If you are behind on your mortgage, facing foreclosure or just finding it a struggle to make you payments you may have options to help with your refinance mortgage options or you mortgage payments.

In this article I will talk about payment plan options. Keep in mind that every lender is different and may require additional information to offer you a mortgage refinance or loan modification. Most lenders are using a dept to income approach to qualify home owners for their modification programs.

Payment Plans

If you are plans are agreements between you and your mortgage lender that can bring your mortgage current. If you have fallen behind because of job loss, sickness, or reduction in income a payment plan maybe right for you.

The idea with a payment plan is to let the home owner get caught up on his mortgage payment by paying back the past due amount over time. It allow the home owners to become current on his mortgage by paying the current monthly mortgage amount and making small payment on the past due amount over time.

Your lender may have a repayment plan of 4, 6 or 12 months. This plan may be ideal for someone who is no more than one or two payments behind and the sooner you contact you lender the better. It is always best to call you lender the minute you realize that you are having a problem with your mortgage payment.

Loan Mortgage Options Paper Work

Some of the items you lender will request from you to start a mortgage refinance or loan modification will be a load modification package. It is best to start gathering these papers and have them prepared to fax to your lenders loss mitigation department or loan counseling department.

Have your current mortgage statement available, do an monthly expense report or total household expense and income. I will provide that document her on this page. Most banks require two months bank statements, 2007 & 2008 tax returns, most current months paycheck stubs, hardship letter, and any other documentation of income received.

References:
HUD - Guide To Avoiding Foreclosure
Help For Home Loans
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