Brian C. Saviano's Blog

For the last two years, mortgage guidelines have become more and more tougher while leaving most homeowners few options. There are some new mortgage programs out there that are giving relief to many troubled homeowners. There is the new DU Refi Plus which allows homeowners with mortgages owned by...

We’ve all heard about the first-time home buyers $8,000 tax credit, but not everyone is exactly sure just what it means.  As of May 11, 2009 there is a new way to buy a home without a down payment.  FHA will allow you to use the $8,000 income tax credit as your source of money for your down paym...

  A reverse mortgage is an often misunderstood instrument that can literally stop foreclosure. As the economy has derailed, more and more good people have been losing their homes. Unfortunately, many of these people have been seniors who have had a hard time finding alternate sources of income. M...

Okay, I know this sounds a little strange but I figured I might as well tie in a theme from the recent news.  As seen on many of the news stories, there have apparently been a number of ships being hijacked by a group of thugs or pirates as they call them.  Their intentions are no good and their...

It is true that you can modify your own loan. There have been many people who have done it themselves and saved their home from foreclosure. Although you can modify your loan yourself, there are some the drawbacks. The most common complaint people have when trying to modify their own loan is that...

Federal officials announced on Monday, April 62009 that they are cracking down on mortgage modification scams.  This announcement came out after repeated complaints of criminal actors preying on desperate borrowers caught up in the nations housing crisis.  Officials say that these scammers are se...

(February 20, 2009) Before the mortgage meltdown, just about anyone could get a loan with a fairly attractive rate.  Lenders were offering loans from no money down to negative amortization (this is where your balance goes up, not down). Many even had programs that did not require you to prove any...

This month, many mortgage lenders have increased their credit and FICO score requirements to qualify for a mortgage. Those who have lower FICO scores will be penalized and may have to pay up to 4 points to their lender, just to get their loan.  In the passed, conforming lenders ignored credit sco...

Facing foreclosure can be a very stressful process. The problem is, is that you have so many so called foreclosure experts who have recently crawled out of the wood work ofering to help you solve your foreclosure dilema.  Their interests can be to either buy your home from underneath you and eit...

"Those with jumbo mortgages may be well advised to split up their home loans to have a lower interest rate and to save several  thousands of dollars."Oak Brook, IL February 7, 2008- The recent rise in foreclosures has caused many banks to go out of business and cost some home-owners more money th...