There’s no one size fits all answer, but the general rule when it comes to reaffirming mortgage debt in bankruptcy is “don’t.” Reaffirming mortgage debt is great for the lender. For the bankruptcy petitioner though, reaffirmation of mortgage debt generally leads to increased future risk and increased attorney fees. In other words, there’s little or […]
The holidays are coming up and cash is tight for a lot of us. Plus, a new year is about to start. That makes it a good time to think about reorganizing our finances and finding ways to spend less and save more. That may mean cutting back on restaurant meals or movies. It may […]
If you fall behind on your mortgage or other significant financial obligations, one of the first important steps you can take is to talk to the lender about your situation. There are several different things you need to have ready in order to do that. If you’re having trouble making the payments, contacting the lender […]
If you are like the majority of people interested in purchasing a home, you probably have questions about how to obtain the lowest possible interest rate. Your interest rate can have a significant impact on the amount you pay for your home, so it’s worth doing some research ahead of time to learn how to […]