Steve Arnold

Steps to Take To Avoid Home Foreclosure

If you are behind on mortgage payments and unable to catch up, you may find that a foreclosure order on your home will soon follow. A foreclosure will have a devastating affect on your credit rating and, very importantly, mean that you will have to move out of your home. Can a home foreclosure be avoided? Yes, but you must take aggressive action to avoid a legal decision that could seriously jeopardize your... (posted by Steve 5 years 190 days ago.)

Your FICO Score Can Affect Your Mortgage Interest Rate

When purchasing a home, your FICO score truly can make a difference for you. Consisting of five important elements, your FICO score is used to help lenders determine what interest rate you will receive for a mortgage. The higher your FICO score is, the lower your mortgage rate can be with the potential annual mortgage interest savings amounting to well over one thousand dollars. Please keep reading... (posted by Steve 5 years 190 days ago.)

Should You Short Sale Your Home

Are you a homeowner facing a financial situation that has spun completely out of your control? If so, one answer to an irreparable financial problem is to short sale your home as a means to find relief from an important debt obligation. Essentially, a short sale denotes that you have located a purchaser who is agreeable to buying your home for a value less than your mortgage’s remaining balance. Your mortgage lender loses... (posted by Steve 5 years 190 days ago.)