Article by Bharat Verma During the past couple of years there have been lots of changes in the lending industry. No longer can you simple get accepted for a mortgage if you have bad credit. Because of the record amount of home repossessions and bankruptcies, many lenders have seriously modified some of their lending practices. [...]

If you care about your car enough to get it insured it means your car is lucky to have a wise owner. A wise car owner won’t trust his car to any place there is. A wise car owner will search for the best possible rate and a best possible company. There is a variety [...]

1. 90 days You can owe up to three months without going into default. However, since the first day that falls into default the bank will claim the late fee and may complain to the judge but your house payment or total debt. 2. Negotiation The Bank will seek to exhaust all possibilities before falling [...]

In Credit and Loan we have found a valuable guide to address the delicate negotiations with the bank when it has fallen (or are about to fall) into a mortgage default situation. 1. Do not fall into the non-payment Even losing a monthly debit can make us fall in lists and other files from defaulters, [...]

Banks use an equation in a triangle that covers the three main factors involving personal economy and housing prices, which are crucial to our ability to borrow: Income, Equity and Credit. What requirements must I meet to apply for a mortgage? Income: the rest of the relationship between what you earn (your actual income and [...]