From the monthly archives:

September 2008

September 25, 2008

Forbearance Agreement

This bitter word – foreclosure. The frustration it has brought into the hearts and minds of so many lately is overwhelming. If you are one of them, please, try as much as you can to stay calm and keep your mind clear. Don’t let anyone take advantage of your confusion. Remember – lenders are usually [...]

September 12, 2008

How come my monthly payment has shrunk, while the rate has increased?

I can think of three reasons for that. One of them or any combination of them could result in such an illogical at first glance situation: • You made an extra payment towards the principal some time ago and now it’s taking effect. The balance has become so low, that even a higher rate cannot [...]