Mortgage insurance is something that many homeowners pay for, yet many homebuyers try to avoid paying for. What is mortgage insurance and why is it a requirement of Federal Housing Authority (FHA) loans? You may be wondering, “What is mortgage insurance and why do I have to pay for it?” Conventional mortgages have private mortgage...Read More
While bankruptcy can be stressful and frustrating, it is meant to help you in the long run. Because of this, it is not impossible to refinance your mortgage after bankruptcy. Depending on what type of bankruptcy you file for, you should be able to refinance fairly soon after your bankruptcy. Chapter 7 bankruptcy generally ends...Read More
Filing for bankruptcy is a big decision. You are probably nervous and overwhelmed about this step in your life. For this reason, you should not go through this alone! Hiring a bankruptcy lawyer will take a lot of the stress and guesswork out of this process. However, you might be hesitating to hire a lawyer...Read More
A sure-fire way to get into debt quickly is to start accumulating interest on some type of balance. Whether you’re dealing with a student loan, a mortgage, or a credit card, interest is the kiss of death for those trying to get out of debt and stay out of debt. It can be very difficult...Read More
As a result of the foreclosure crisis, renters and tenants are now also being affected in addition to homeowners. An owner previously had occupied the average foreclosed home, but speculators who were interested in rent could have possibly owned it. These owners were stuck between falling housing values and rising mortgage interest rates. By a...Read More
Thousands of foreclosed homes are always on the market nationwide. Buying a foreclosed home for many people is a way to get more home for less money, although there are potential downsides. One of these downsides is that you could discover liens that you will be responsible for. One question many people have before purchasing...Read More
If you’ve finally made up your mind to file for bankruptcy in Connecticut, there are some things you need to know. First and foremost, you need to know where your case will be filed. There are three offices in the state of Connecticut that allow you to file for bankruptcy. They are located in Bridgeport,...Read More
Today, the number one reason why people file for bankruptcy in America is expensive medical bills. New data claims that unpaid mortgages and credit card bills are still problems that people who file for bankruptcy face, but medical bills have now passed even these types of debt. Even people who have health insurance oftentimes find...Read More
You’re at the end of your wits. The call or texts come in non-stop. When you get home from work, there are messages on your answering machine. When you’re cooking dinner, the phone rings. When you’re eating dinner, the phone rings. When you’re watching Game of Thrones, the phone rings. When you’re trying to sleep,...Read More
Continuing with the Bankruptcy Success Series, this time we are featuring fellow Connecticut resident P.T. Barnum. Yes, this famous showman and businessman was excellent at displaying oddities and wowing crowds worldwide, but he was not always diligent with his money. P.T. Barnum is a Connecticut legend – many of you may have visited the P.T....Read More
