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Want To Save On Moving Costs?

Want To Save On Moving Costs?

Here Are 7 Straightforward Ways To Trim Your Moving Costs Whether you are heading across town or down the street or country, moving can be a pain. The idea of moving makes us consider the high transportation costs, the packing supply costs, and just the hassle of moving your things. The best part about moving […]
Posted in General News

General News

Want To Save On Moving Costs?

Want To Save On Moving Costs?

Here Are 7 Straightforward Ways To Trim Your Moving Costs Whether you are heading across town or down the street or country, moving can be a pain. The idea of moving makes us consider the high transportation costs, the packing supply costs, and just the hassle of moving your things. The best part about moving […]
Posted in General News
Hardship Letters

Hardship Letters

What Are They and When Are They Needed? You are currently in foreclosure and you have submitted a loan modification, short sale, or deed in lieu package to the bank. Your lender sends you a list of documents pertaining to your program and you notice in that they requested a written hardship letter in that […]
Posted in General News
Beware Of Phone Scams: “I Have An Emergency And I Need Money”

Beware Of Phone Scams: “I Have An Emergency And I Need Money”

Phone scams can be alarming and are no joke. Millions of Americans are targeted each year via robo dialers and that’s exactly what scammers want. They want you to listen to their story and act before you think-Unfortunately, in many cases, they are successful as people provide personal and detailed information. What do these scammers […]
Posted in General News
Nationstar Officially Rebrand To Mr. Cooper

Nationstar Officially Rebrand To Mr. Cooper

Last year when HousingWire sat down with Jay Bray, the CEO of Nationstar Mortgage, to discuss the company’s transition into Mr. Cooper, Bray said that the rebrand is much more than the new name of the company. Originally, the transformation was scheduled for the first half of 2016, but it is taking longer as it’s not just rebranding. The […]
Posted in General News
5 Ways Your 401(K) Will Help You Save More Money For Your Retirement

5 Ways Your 401(K) Will Help You Save More Money For Your Retirement

According to the Employee Benefit Research Institute, over the 35 years that workplace savings plans like 401(k)s  have been around, the people that utilize them efficiently have more money at retirement than those who do not utilize the program. 401k plans, which require no action on an employee’s part, are playing a larger role in […]
Posted in General News
5 Ways To Stick To Your New Year’s “Financial” Resolutions

5 Ways To Stick To Your New Year’s “Financial” Resolutions

For all of us, resolutions are hard to uphold, especially if it requires us to change many of our daily habits and routine.  Financial resolutions also fall into that category. Considering the trend of broken resolutions, we have compiled five best strategies for keeping your New Year financial dreams alive. 1. Manage Your Personal Finances […]
Posted in General News
From January To December, Your Month-By-Month Money Guide

From January To December, Your Month-By-Month Money Guide

From glittering holiday parties, presents, and New Year’s festivities, it is expected that come January, your budget has most likely taken a hit.  By being proactive and determined each month, it is possible that you can recover and revive your finances. Here’s are some tips for month to month budgeting to help you start saving. […]
Posted in General News
Five Small Lifestyle Changes with Big Saving Power

Five Small Lifestyle Changes with Big Saving Power

Compromising on things we enjoy, and the idea of sticking to a strict budget is not something most of us love doing. To make it effortless, we have listed five small things which you can do on a daily basis to boost your savings. 1. Embrace Homemade Food and Coffee If you’re foodie, consider getting […]
Posted in General News
5 Things You Need To Know About Paying With Your Mobile Wallet

5 Things You Need To Know About Paying With Your Mobile Wallet

According to the National Retail Federation, this holiday shopping season, consumers are reaching their wallet a lot—spend nearly $656 billion. But while you are muddling around for your cards, you might see the person next to you simply tap their phone on the mobile payment reader and go on their merry way. According to a […]
Posted in General News
U.S Federal Reserves Increased Interest Rates: How Will It Affect Your Wallet?

U.S Federal Reserves Increased Interest Rates: How Will It Affect Your Wallet?

On Wednesday, the Federal Reserve committee raised its interest rate for the first time in a year and second time in a decade. They signaled that the Fed funds rate could continue to rise the following year, more rapidly than we had expected and it serves as a benchmark for mortgage rates, savings account yields, […]
Posted in General News

Credit

Do You Have Bad Credit? Increase Your Credit Score Now!

Do You Have Bad Credit? Increase Your Credit Score Now!

What Is Considered Bad Credit? Bad credit is usually depicted as a credit score of 619 or lower. Now, I know we all go through tough times at one time or another, but the long term inability to keep up with credit obligations, typically results in bad credit. Having a poor credit score can negatively […]
Posted in Credit
Ultimate Guide: How to Obtain a Good Credit Score?

Ultimate Guide: How to Obtain a Good Credit Score?

What Is Classified As A Good Credit Score? While different lenders have different standards of rating credit scores, all lenders consider 700 to 850 a good credit score. You credit score is important as it determines your eligibility on a variety of things such as qualifying for a new credit card, qualifying for a loan, and […]
Posted in Credit
Advantages of Secured Credit Card vs Unsecured Credit Card

Advantages of Secured Credit Card vs Unsecured Credit Card

As you enter into the world of credit for the first time, you may come across the number of available credit card offers. Some credit cards are secured while others are not. What do you do if you have little or bad credit history? Who will accommodate you? Making bad credit decisions could cost you in […]
Posted in Credit
Avoid Making Big Credit Mistakes And Take Action To Improve Your Credit Score

Avoid Making Big Credit Mistakes And Take Action To Improve Your Credit Score

When it comes to protecting and improving your credit score, one simple move can help you. While many credit mistakes are due to unexpected circumstances, many are results of poor planning, lack of organization or lack of attention to detail. That is where the concept of automatic payments comes in. Nothing is more important than […]
Posted in Credit
CFPB Fined Transunion $16.9 Million For Deceiving Consumers

CFPB Fined Transunion $16.9 Million For Deceiving Consumers

The Chicago-based TransUnion, Americas largest credit reporting agency was fined $17 million by The Consumer Financial Protection Bureau (CFPB) over the company’s marketing and advertising practices, disclosed this week. TransUnion revealed the settlement in a December 29 filing with the SEC, according to which the settlement was originated from a “civil investigative demand” from the […]
Posted in Credit
If You Are Under 30 Then These 5 Financial New Year Resolutions Might Interest You

If You Are Under 30 Then These 5 Financial New Year Resolutions Might Interest You

5 Financial New Year Resolutions I am assuming you have made your New Year’s resolutions for this year, but let me ask you a question, have you made a FINANCIAL resolution for 2017? Making resolutions isn’t something new and typically involves getting a new gym membership, but let’s be real, we probably will go for […]
Posted in Credit
Interested in a Home Equity Line of Credit?

Interested in a Home Equity Line of Credit?

Increasing Home Prices Create Home Equity Opportunities Lets say you you bought or refinanced your house with a low fixed mortgage. Given that rates will be increasing shortly,  it is likely that you will  want to keep your low interest rate. What if you needed extra cash however? This is where a home equity loan […]
Posted in Credit
5 Best Ways To Achieve A Good Credit Score-And Land The Most Competitive Interest Rates

5 Best Ways To Achieve A Good Credit Score-And Land The Most Competitive Interest Rates

What is Credit Score? Credit scores are 3-digit numbers revealed on every individuals credit report that represents the creditworthiness of a person. These 3-digit numbers are directly proportional to the credit amount you are eligible for. Credit scores are a key factor that creditors use to determine a borrower’s risk before evaluating an interest rate. […]
Posted in Credit
Handle Holiday Hangover, Increased Credit Card Rates

Handle Holiday Hangover, Increased Credit Card Rates

With the rise in credit card rates in 2016, many households have set goals of improving their financial situation. The holidays often prompt households to tackle their troublesome credit card charges, leading to a new year debt hangover. According to the Matt Schulz, senior industry analyst at CreditCards.com, “The US Federal Reserve’s decision to boost […]
Posted in Credit
Does Interest Rate Hike Affect Your Wallet? If Yes, You Need To Heed This Credit Card Advice

Does Interest Rate Hike Affect Your Wallet? If Yes, You Need To Heed This Credit Card Advice

What does the Federal Reserve’s decision to raise interest rates by a quarter percentage point mean for you? Do you know 90 percent of the credit cards have variable interest rates? IF yes, than you realize that it means that your interest rates will increase by 0.25 percent in the coming weeks. In general,  it […]
Posted in Credit

Foreclosure Prevention

Fannie Mae Announces HAMP Replacement With A New “Flex Modification Foreclosure Program”

Fannie Mae Announces HAMP Replacement With A New “Flex Modification Foreclosure Program”

Say Good Bye To The Old HAMP Program And A Hello To A New Fannie Mae Program WASHINGTON, DC – Fannie Mae and Freddie Mac announced a replacement for the HAMP program with the Flex Modification foreclosure prevention program. This program is designed to save struggling homeowners, by offering reductions on their mortgage payments, who […]
Hamp Has Been Replaced By Fannie, Freddie New Flex Foreclosure Prevention Program

Hamp Has Been Replaced By Fannie, Freddie New Flex Foreclosure Prevention Program

On Wednesday, December 14, Fannie Mae and Freddie Mac announced their new Flex modification program. This program will replace the government’s HAMP program which was introduced nine years ago, to save struggling families who were facing mortgage crisis and were in danger of default. The Home Affordable Modification Program is slated to end on December 31, […]
Miami, New York City And Las Vegas Are Ranked Highest For Foreclosure Inventories In September, 2016

Miami, New York City And Las Vegas Are Ranked Highest For Foreclosure Inventories In September, 2016

According to CoreLogic, in September 2016, 36,000 home foreclosures were recorded, down 7% compared to September 2015 and 3.1% month over month. The current inventory foreclosure totals 0.9% of US homes with a mortgage compared to last year. A decline of 31.1% is noted in US homes, which are recently in some stage of foreclosure […]
Updated Mortgage Rules Strive to Stop Unfair Foreclosures

Updated Mortgage Rules Strive to Stop Unfair Foreclosures

A regulatory body in United States is trusted with ensuring consumers’ finances are protected has now accepted that they will aid in preventing wrongful home foreclosures. Regulatory bodies within the country are working to improve the massive lending market in the country. When the housing bubble started taking place in 2006, rules were made by […]
Mortgage Reductions for South Florida Borrowers – Really?

Mortgage Reductions for South Florida Borrowers – Really?

In April 2016, according to a federal program, about 1,500 South Florida borrowers may be qualified for reductions on their outstanding mortgage loan balances. The program aims to assist “underwater” and seriously lawless borrowers whose loans are currently owned or confirmed by mortgage companies such as Fannie Mae or Freddie Mac. According to the Federal […]
Ways to Avoid a Foreclosure

Ways to Avoid a Foreclosure

While going through a foreclosure, if you don’t want to keep the home, you should still try to avoid foreclosure since, it will not only harm your credit but, you could still owe the mortgage company a deficiency for the unpaid mortgage balance making you ineligible for a mortgage for the next coming years. The […]
Difference Between a Short Sale and a Foreclosure?

Difference Between a Short Sale and a Foreclosure?

When a homeowner realizes that they can’t make their payments, they have a few options. First off, you must consult United Financial Counselors to determine your options and situation. We can help you figure out ways to make partial payments or add your payments to the end of the loan until you are able to […]
As Foreclosures Recede Focus Will Shift in 2016

As Foreclosures Recede Focus Will Shift in 2016

It’s a new year and the US housing market is looking comparatively brighter this year. It has been eight years since the housing market crashed and foreclosures skyrocketed, but in 2016, we will see the foreclosure wave decrease along with the return of a more “normal” real estate market. The continuous downward trend in stressful […]
Foreclosure Defense

Foreclosure Defense

The loss of a home to foreclosure can be disastrous both emotionally, and financially. Note that foreclosure defense is a complex area of the law, and you are firmly recommended to seek the guidance of a reputable company who deals with foreclosure on a daily basis (United Financial Counselors) and an attorney. The aim of […]
Can Your Foreclosure Expire?

Can Your Foreclosure Expire?

The financial crisis has created some bizarre legal scenarios. Usually, we hear horror stories about a family losing their home over a technicality on their contract with the bank. Now, a legal technicality is working in favor of many Florida homeowners in foreclosure. Foreclosure laws vary greatly between states, but in Florida banks must get […]

Mortgages

Mortgage Payments vs Rent Payments

Mortgage Payments vs Rent Payments

The rent versus buy debate is a hot topic these days. If you are on the fence about whether to buy, having a clear understanding of mortgage payments and rent payments can point you in the right direction. It is not uncommon that your mortgage payments can be lower than your rent payment. The decision […]
Posted in Mortgages
What Should You Do If You Fall Behind On Your Mortgage Payments?

What Should You Do If You Fall Behind On Your Mortgage Payments?

There are many reasons why you could fall behind on your monthly mortgage payments. The reason may not always be that you borrowed more than you could actually afford.  Many situations happen when a predicted budget spins out of control for circumstances such as a lost job, a major illness, divorce, etc. These situations are […]
Posted in Mortgages
What to Look for When Shopping for A Mortgage Company

What to Look for When Shopping for A Mortgage Company

When you start shopping for a home, you will find that there will be a variety of mortgage companies vying for your business. Given that purchasing a home is a very large investment (maybe one of the largest investments you will make), it is vital that you find the best company with experienced professionals who […]
Posted in Mortgages
Ultimate Guide about The Mortgage Qualification Process

Ultimate Guide about The Mortgage Qualification Process

Before you begin your house-hunting process, it is important to be well-informed about how much you can afford and what extra amount you need to purchase your dream home? By planning ahead, you save your time in the long-run and can make your home buying and mortgage qualification process smoother. When you determine that your […]
Posted in Mortgages
Ultimate Facts About 20% Down Payment Conventional Mortgages

Ultimate Facts About 20% Down Payment Conventional Mortgages

What Is A Down Payment? There are many challenges that homeowners face when he or she enters the market to buy a home. The number one obstacle in the process of buying a home is to save enough money for a down payment. What is a down payment you ask? A down payment is a […]
Posted in Mortgages
Home Possible Advantage Mortgage A Smart Choice For First Time Home Buyers

Home Possible Advantage Mortgage A Smart Choice For First Time Home Buyers

According to  NAR, first time home buyers face more obstacles than repeat buyers and account for 1-in-3 homes sold nationwide. One of the biggest obstacles when purchasing a home is saving for the down payment. The second hurdle potential homeowners faced was poor credit history, making it more difficult when trying to qualify for a mortgage. With low mortgage rates and low down payment mortgages available, this post is meant to help first […]
Educate Yourself: Ultimate Insight to Mortgage Taxes in 2017

Educate Yourself: Ultimate Insight to Mortgage Taxes in 2017

For many Americans who have a mortgage on their homes, their mortgage represents the largest debt they’ll ever owe. This debt is why the federal government is encouraging big tax breaks for homeowners.  Educate yourself on how to take full advantage of these tax breaks. Mortgage interest deduction For mortgage borrowers, the biggest tax break […]
Posted in Mortgages
FHA Mortgage Rates Touching Highest Peaks For Homeowners

FHA Mortgage Rates Touching Highest Peaks For Homeowners

According to the Mortgage Bankers Association (MBA), for the first time since 2006, FHA mortgage delinquencies jumped in the fourth quarter to 9.02% from 8.3% in the third quarter. This troublesome signal in the housing market could put taxpayers at risk. MBA CEO David Stevens said: “We had been experiencing great credit quality for so […]
Posted in Mortgages
What Do Lenders Look For When Applying For A Mortgage?

What Do Lenders Look For When Applying For A Mortgage?

It’s January and the New Year is now in full swing. For those who plan to purchase a home this year, it’s time to educate yourself, start planning, and get moving! There are certain “healthy habits” you need to implement before purchasing your dream home. Habit No. 1: Accumulate your down payment or seek a […]
Posted in Mortgages
Millennials, Mortgage Rates, And Major Factors That Influence 2017 Housing

Millennials, Mortgage Rates, And Major Factors That Influence 2017 Housing

Market The rise of mortgage rates and increasing home prices will influence the U.S housing market in the upcoming year. Continue reading to educate yourself about some additional factors that will also affect the market in 2017. Mortgage Rates Will Continue To Rise In the past few days, we have noticed the increase in mortgage rates that is […]
Posted in Mortgages