Interest-Only Loans Return: Should We Worry?
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
Avoid Bankruptcy: Tips to Manage Money, Savings, and Debt
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
Approved or Disapproved: How The Bank Decides Your Loan Modification
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:
Motivation Monday
“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!
Scams and Frauds: How To Avoid Them
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
What Movies Tell Us About Real Estate
Everyone has some connection to real estate. We all have to live somewhere. We have to buy/sell a house or rent/lease out a condo at some point in our lives. Some movies show this relationship we have with the real estate market and portray it in an entertaining way. At the same time, these films … Continue reading
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