What mistakes are commonly made when buying or refinancing a home?

If you're like most people, purchasing a home is the biggest investment you'll ever make. If you're considering buying a home, you're likely aware of the complexity of the endeavor. Because of the numerous factors to consider when purchasing a home, it's important to prepare as best you can. Some common home-buying principles and caveats are presented here for your consideration. By keeping them in mind, you'll help create a successful and more enjoyable experience. The information contained herein is presented as a primer. Since your home could cost you 25 to 40 percent of your gross income, it's important to conduct research, ask questions and study the process carefully.

If I use your services, am I taking out a loan?

No, none of our services provide loans. We act as negotiators on your behalf and facilitate payment to your creditors but do not lend money.

How does debt settlement work?

Our debt settlement program makes it as easy for you as possible. We do the expert negotiating with your creditors and will facilitate payment to them. You do not have to worry about paying them directly or amassing the lump sums that they request. We store the monthly payment that you make in an account assigned specifically to you and accumulate your funds so that we can pay off your creditors in lump sums of 40-60% less than the amount of original debt that you owed

Why would creditors settle or participate in your debt management programs?

Creditors who are not receiving payments from their borrowers are eager to see some type of return on the money that they expended in borrowers’ behalf. By participating in our programs, creditors can ensure repayment. Not all creditors will participate. Those who do not participate we include in payment as part of the monthly account activity.

What is Private Mortgage Insurance (PMI)?

PMI is normally required when you buy a home with less than 20 percent down. Mortgage insurance is a type of guarantee that helps protect lenders against the costs of foreclosure. This insurance protection is provided by private mortgage insurance companies to protect the lender. It enables lenders to offer loans with lower down payments. In effect, mortgage insurance pays the lender a certain percentage of your original purchase price to cover a lender's losses in the unfortunate event of foreclosure. Therefore, without mortgage insurance, you would need to make a 20 percent down payment in order to buy a home.

The cost of PMI increases as your down payment decreases. Example: The cost of PMI on a 10 percent down payment is less than the cost of PMI on a 5 percent down payment. Your PMI premium is normally added to your monthly mortgage payment.

Debt Stress And Health House Loans INC. has a team of renowned and experienced loan modification negotiators from leading industry institutions.

Debt Settlement Debt settlement allows you to reduce unsecured debt by 40-60% as a result of negotiating.

Getting Out Of Debt

Debt can be detrimental to you and your loved ones. If you ignore the serious problem and do not take action, your debt can escalate to the point where you feel helpless and unable to defeat it or get relief.

Credit Counseling Overwhelmed is an understatement for how many feel as they try to pay down major debt with not enough income flowing in to pay mortgage and credit card payments or day-to-day expenses.