Tax season is here! That means it is time to go over income from last year and determine whether or not earnings are subject to tax. This amount usually includes loans forgiven by a lender which is taxable as if the borrower earned that amount as income. However, did you know that you may qualify for … Continue reading
Are you one of the 9 out of 10 Homeowners who have not taken advantage of the Home Affordable Refinance Program “HARP”? HARP is a federal program that can help you avoid foreclosure, even if you owe more than the home’s current value! You do not need to have equity to be eligible for this program. … Continue reading
The Big Short tells the story of the greatest economic crisis since the Great Depression- the 2008 financial crash. A time when banks were more than willing to lend to people who could never afford to pay them back. This led to un-regulated and out-of-control gigantic banks and their bankers making huge, high risk bets in … Continue reading
During the housing boom, more than 10% of adjustable rate loans were interest-only loans, where in a borrower makes monthly interest payments but pays nothing toward principal for a set time period. By eliminating the need to pay principal, an interest only loan option keeps your monthly payments lower. This was how some lenders during … Continue reading
Have you ever wondered how a person with about $50,000 or more in debt manage to pay them all off within a span of 2 or 3 years? Have you been thinking of ways to get rid of your debt and how to handle your finances? According to the Wall Street Journal and Edvisors, … Continue reading
Have you ever wondered why you have been approved or rejected on your loan modification application? How does the bank decide whether to grant you with loan modification? In this 5-minute video, a pre-foreclosure attorney from the Legal Services Center of Harvard Law School explains briefly the different guidelines the bank follows in their decision-making:
“To be successful, the first thing to do is to fall in love with your work.” The VLG staff wishes everyone a Happy Monday! We hope you’re doing what you love and loving what you do. Stay motivated for the rest of the week!
With the increasing accessibility of information in this digital age, it is unfortunate that some take advantage of the web to deceive people. From typical email spams, scammers have now proliferated in the real estate market. As consumers, we are called for vigilance. Fox 21 News report that scammers are targeting low-income families who are … Continue reading