Personal Financial Blog – Loanex Fast Cash

Personal Finance Blog

Discussing topics that are at the heart of America's daily financial needs

The Loanex Fast Cash Blog is for those among us that need both cents and a good dose of sense. As one of America's fastest growing personal finance portals, The Loanex Fast Cash is here to assist consumers with a full spectrum of their personal finance needs, including credit cards, debt consolidation, , loans, mortgages & refinancing, auto finance, bankruptcy, tax debt.

For people who have struggled with trying to keep their home but have just been unable through circumstances beyond their control to keep up payments there is foreclosure help available at The plans that are available can assist a homeowner in relinquishing his/her home while providing assistance to find other accommodations and easing some of the negative effects on their credit. Administered through a part of MHA called HAFA(Home Affordable Foreclosure Alternatives) it provides assistance in relocating to a more affordable accommodation while providing advice and aid in a “short sale” or a DIL deed in lieu of foreclosure.

What HAFA offers to homeowners facing foreclosure is the following:

  • Advice from HUD approved counselors and real estate professionals at no charge
  • A short sale alternative which frees you from the obligation to “make Up” the difference between the sale price and what you owe
  • A lesser impact on your credit that a foreclosure or short sale
  • The possibility of up to $3000 in assistance to relocate

Eligibility requirements (provided here for guidance only, mortgage servicer determine eligibility, include:

  1. Financial hardship for which you must provide documentation
  2. You owe less than $729,750
  3. Your mortgage was obtained prior to 1/1/2009
  4. You must not have been convicted of crime involving a mortgage or real estate transaction
  5. Your mortgage must be held by Fannie Mae or Freddie Mac or one of the HAMP servicers you can find at under the HAFA program.

The earlier that you begin the process of applying for relief from the HAFA program the more options will be available to you. If you already explored the idea of a short sale and have a prospective buyer a form is available for you to include with your application for HAFA assistance at

If this process all seems very confusing there is help available at your financial superstore. People who can assist you in getting the information you need and starting the process in the HAFA program, and indeed in any of the programs offered under the MHA affordable programs that are designed to assist struggling homeowners. The simple application which you can find right here will begin the process, let us help you today!

Obama Housing Plan

Are you upside down in your home mortgage? Are you struggling to make your mortgage payments? Is losing your home a possibility? If your home mortgage with Fannie Mae or Freddie Mac, you may be eligible for refinancing under the new Obama Housing Plan.  This plan, the Home Affordable Refinance Program (HARP) may help many borrowers to modify their current mortgage.  This program is targeting home owners whose houses appraised value took a dive.

Unfortunately, during the housing boom, many home owners bought houses at overinflated prices and at higher interest rates.  Thus, leaving them owing more than their house is worth and paying higher mortgage payments. But with interest rates lower, these homeowners may not be eligible for conventional financing because they owe more on their mortgage than their house is worth.  Does this sound familiar to you?  You are who this program is targeting.  Find out if you are eligible for this program. Here are some of the criteria:

  • Your mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac.
  • The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
  • The mortgage cannot have previously been refinanced under HARP unless it is a Fannie Mae loan that was refinanced under HARP between March-May 2009.
  • The current loan-to-value (LTV) ratio must be greater than 80%. The LTV ratio is what your home is appraised at compared to what you owe.  If you owe $90,000 and your home is worth $100,000, your LTV would be 90%.
  • You must be current on your mortgage at the time you refinance, with a good payment history for the past 12 months.

You can call your mortgage lender to see if your home loan is with Fannie Mae or Freddie Mac and also if you meet the criteria for this program.  Many mortgage lenders do not participate in these programs, but at the, they will be more than happy to look at your present mortgage and determine whether you qualify.  What would lower mortgage payments mean to you?  By having extra money each month, you could use it for home repairs, buying another car or just breathing room.

Don’t feel like you are by yourself. Stop worrying about losing your home. There are many other people in the same situation. Be proactive today.  This program is there to help you make your mortgage payments easier to handle.

MHAP- An Evolving Program

When the President of the United States announced The Making Home Affordable program in 2009 there were great hopes on both the government and the public’s part that MHAP or one of its many sub-plans like HARP would be the answer to the bursting bubble that was the housing market. Well, it wasn’t. The complaints about the paperwork, stringent qualifications and unwieldy process prompted the government to make changes, in fact, they made changes several times. In March of 2012 the government again made changes in what has come to be called the Obama Mortgage Refinance Plan. These changes, which removed some restrictions that had limited eligibility in some of the hardest hit housing markets, were welcomed by both homeowners and mortgage lenders. The program was also extended at that time to sunset in December of 2013 rather than 2012.

The latest iteration of The Obama Home Affordable Refinance Program HARP is improved in several ways, the LTV cap which was formerly at 125% LTV has been lifted, the required appraisals have been waived in most cases and other requirements have been modified or dropped altogether. Many of the old qualifications regarding being in default or not having a late payment in the past 6 months and nor more than one in the past year are still a part of the program. However until January of 2013 you will have the opportunity to reset the clock on part of that requirement because of the program extension.

With the frequent updates and informational pieces published there, it’s wise to visit the government’s Making Home Affordable website periodically to see what refinements have been made or may be in the offing. If you find this all too confusing consider the help available at We have the mortgage experts who understand the programs and can talk you through the application and loan process. For many people expert help can make the difference between a successful application for assistance and a failure. Don’t fail to take advantage of a program that might save your home and improve the security of your family’s future! Refinance information for the MHAP program is available as well as lenders and programs to help homeowners gain the benefit of today’s historically low rates even if you are not considering applying for government programs.

If you are in the military, your situation is unique. Postings that keep you long enough in one place that you want to own your own home but short enough to build little equity and then a transfer hundreds, perhaps thousands of miles away. Since the housing market began its slide nearly five years ago, military families have been in an even greater bind. Many were faced with homes which were no longer worth the sum which they had paid for them and were confronted with the necessity of a short sale which can cause severe damage to your credit rating.

In March of this year the White House announced revisions to some of what has become known as the Obama housing plan. Included with those changes was an increase in funding specifically designed to assist military families faced with short sales and other problems created by the lifestyle which an active military member lives.  The program and the qualifications can be found on the U.S. Army Corps of Engineers website under Homeowner’s Assistance Program. On these pages you will find programs that will assist not only active military but also some retirees and certain dependents of injured or deceased military personnel. The Veteran’s Administration has more information on current programs for vets and those who have VA backed loans.

What has been dubbed the Military Homeowners Assistance Program was enhanced in part by funds from a government settlement with some of the nations largest banks and mortgage lenders after abuses called the “robo-signing scandal” were uncovered. Information for service personnel who were impacted by the activities of these banks and lenders can obtain contact information to determine if they are entitled to any redress.

If you are looking for help as you sort through the options available to you for seeking short sale help, a refinance for a VA loan, survivor benefits for spouses of military personnel, one place to turn is the LoanexFastCash. We have the experts in home mortgage financing who can help you obtain all the benefits you deserve as an active member of the military. Apply now and our professionals will contact you to see how they can assist you in whatever way they can to obtain advice and assistance on a short sale, a refinance of a conventional or VA mortgage loan.

To qualify for low interest rates on Mortgage Refinancing Loans For People With Bad Credit, it could be vital for you take some effective steps for improving your credits. Besides, there could be some other considerations which you need to take into account at the time of researching your options so that you are able to get the best out of a home refinance.

Many people think that they cannot take advantage of low Bad Credit Mortgage Refinance Loan Rates but their assumptions might not be true. Nowadays there may be few lenders that specialize in providing home refinancing loans to even those borrowers who have developed bad credit histories. Such loan dealers could be willing to take the risk of lending money for just any type of credit situations. One only needs to locate them and determine whether he can qualify to receive such help. But when you are considering applying for a mortgage refinance loan for bad credit circumstances, it could be important for you to know that the rates of interests being offered on such types of financial solutions could be much higher as compared to those provided on other conventional kinds of home refinances. Nevertheless, you could get your interest rate lowered.

The key to finding the lowest rates of interests on Mortgage Refinancing Loans For People With Bad Credit could be advanced preparation. First and foremost, if you really intend to get your home refinanced at a lower interest rate and flexible terms, you need to take some steps to improve your credit. To begin with your effort, you may get free copies of your credit scores from the major credit reporting agencies in the country. Find out if there are any errors on them so that you could get those mistakes corrected in time. Remember, the interest rates on bad credit home refinance loans could vary according to the exact status of the applicant’s credit history. Therefore, to qualify for the bets rates you need to ensure that you start paying back your credit card debts and reduce them. Improvement in credit ratings will help you win lenders’ confidence.

Besides, prior to embarking upon your search for finding affordable Bad Credit Mortgage Refinance Loan Rates, it could be better if you considered a couple of other aspects. When contemplating home refinancing, you need to ascertain that the new loan has an interest rate which is lower by at least 2% than what you could be paying currently. Additionally, you must decide to retain your current home for a longer time if you want to actually benefit with your decision to refinance. This is because refinancing will attract costs in the form of closing fees or prepayment penalties and it will take time to recover these. Thus, a better approach is to make an informed decision. Today specialist help is easily available as on the internet there could be firms that offer such services. However, you need to make sure that you are working with a reputed firm.

If you are considering applying for Cash Out Mortgage Refinancing loan, then it could be better if you seek help from some competent mortgage specialist. Such a move could enable you to make an informed decision as such types of loans may be advantageous in certain situations only. They can be totally disadvantageous if secured recklessly.

When you have enough equity built up in your home, you may consider getting Cash Out Mortgage Refinancing loan. Such an alternative could be ideally suited for getting rid of excessive high interest credit card debts, renovating homes or paying off costly student or education loans. Typically, the rates of interests being offered on home refinance loans with cash out services could be lower than those provided on credit cards or student loans. Besides, financial solutions of this type could allow borrowers to draw cash when most urgently needed but one has to ensure that the proceeds are being used judiciously.

In that context, it could be better if probable applicants sought specialist Cash Out Home Loans Refinance Assistance as it may help them to make an informed decision. It is true that mortgage refinancing loans with cash out facilities could prove to be extremely beneficial in certain situations but one must not forget that such a proposition can be disadvantageous as well. Most of the people, who qualify for such types of home refinances, could be able to obtain lower rates of interests and secure easily affordable monthly payments. This will help them to improve their credit scores over the entire loan term.

Borrowers might also prefer securing low rate Cash Out Mortgage Refinancing loan as it enables them to take advantage of tax benefits. One must know that the interests paid on a home refinance loan with cash out service could be tax deductible and besides, it also provides him the opportunity to roll all existing high interest mortgage debt into a new loan secured at a much lower rate of interest. Nevertheless, if you are considering applying for such a loan, you must not forget that the new loan will have much longer loan duration and at the same time you may have to pay fees for closing costs and penalties

All such considerations could be better understood if you take advantage of free Cash Out Home Loans Refinance Assistance which could be easily available online at your disposal. On the internet, there may few firms which offer valuable guidance to assist borrowers in analyzing their options in detail as well as in enabling them to select an option that works best for their kind of financial and credit circumstances. Such agencies employ qualified and experienced professionals for this purpose. However, you need to make sure that you have found a mortgage service provider that is totally reliable and reputable

Nowadays it is possible To Refinance Home Equity Line Of Credit loan if its term is nearing its end. A HELOC may be a great option in certain situations but what happens when the interest rates start shooting up? Well, it may give rise to unforeseen situation due to highly unpredictable monthly payments which are considerably higher than you may have ever imagined.

A Bad Credit Home Equity Line Of Credit Loan can be a great option if you intend to get rid of your excessive high interest rate credit card debts, pay off student or education loans, or for renovating homes. Majority of the people prefer getting a HELOC since the interests paid on it are tax deductible and for borrowing money when most urgently needed. Nevertheless, HELOCs have variable rates of interests which could be lower initially but as time passes they will shoot up significantly depending upon market conditions. This will also mean that the monthly payments are slated to rise once the initial period passes by but there is always the refinancing option available when such a situation arises. There may be lenders that offer
low rate HELOC refinance loans. You just need to find a suitable lender that might work best for your kind of situation.

But if you are trying to locate lenders who could help you to Refinance Home Equity Line Of Credit Loan, you need to ensure that you are able to secure a loan product which fits your specific needs and requirements. Besides, it could be vital for you to be clear on your goal and accordingly choose a program that can help you to realize it. The time of considering such a decision may prove to be crucial and to that effect, when the interest rate on your HELOC start rising and your monthly payments increase, refinancing can be ideal. Additionally, refinancing can be a desirable alternative as it may enable you to pay a balloon payment at the end of your HELOC terms. But there will certain closing costs which you will have to pay if you decide to refinance your existing home equity based HELOC loan so make an informed decision.

There may be firms on the internet which help borrowers to learn if refinancing a Bad Credit Home Equity Line Of Credit Loan is the right option for their situations. Such agencies employ professionals who have knowledge, skills and experience to guide borrowers in navigating through the HELOC refinancing process with ease. Experts may advise you to analyze whether your decision to refinance an existing line of credit can really benefit you in any way. Additionally, is eligible, they may even assist you to prepare and furnish correct as well as accurate paperwork which is required to be submitted along with your HELOC refinancing loan application. However, you need to make sure that you have found a reliable and reputable mortgage service provider to work with. Reputed services free credit restoration advice which is helpful.

To obtain Cash Out Mortgage Refinancing Loan, a borrower must have enough equity built up in his home. The rate of interest offered on a home refinance solution of this type could be extremely low and one also has the opportunity to use the surplus money for any purpose. Besides, there could be different ways through which loans with cash out services may be secured.

Given a chance, everybody may like to take advantage of low Mortgage Cash Out Refinancing Rates. Typically, to qualify for a home refinance loan with cash out services, one could be needed to leverage the equity built up in his home. This could be done by obtaining a second mortgage in the form of a home equity loan (HEL) or a home equity line of credit (HELOC). Nevertheless, for someone who already has a HEL or HELOC issued against his property, qualifying for a cash facility may not be possible. Besides, such a proposition might not even help him satisfy his financial needs and requirements. To that effect, borrowers need to have some knowledge regarding the basics of getting approved for such a service. Here is some vital information pertaining to the same which readers may find useful if they are thinking of benefiting with this solution.

Unlike other types of home refinances, Cash Out Mortgage Refinancing Loan enables a borrower to draw crucial cash when most urgently required subject to the condition that there is sufficient equity in his home. While fixed interest rate HELs and variable interest rate HELOCs could be two major ways in which such a proposition could be achieved, one may also be able to draw cash by refinancing existing first home mortgage loan which is in a good standing. Regardless of whatever option that a borrower may choose, the total cash amount which could be secured may depend on the kind of primary home loan that he has obtained. Additionally, when securing cash out home refinance loan, one thing has to be borne in mind that if the amount of loan being secured is less than 80% of the home’s value, private mortgage insurance (PMI) is not required.

In any case, borrowers could secure lowest Mortgage Cash Out Refinancing Rates depending on the type of first loan. One may obtain cash out refinances for Fannie Mae or Freddie Mac loans, FHA home loans, Jumbo loans, VA loans as well as CaIPERS loans. However, the rates of interests offered could vary according to the credit rating of the applicant and so if someone has a bad credit history, finding the lowest interest rate could be extremely difficult. But probable applicants who have bad credit may take some steps to improve their credits before they approached lenders for cash out refinancing. Help could be easily available on the internet and one could seek it to make things easy. Borrowers just have to make sure that they have found a mortgage service that is reliable and reputable. Reputed firms offer free credit restoration advice.

LoanexFastCash is a leading mortgage service provider in the United States which has been in business for over seven years. Till date, the firm has helped tens of thousands of borrowers in getting educated for finding affordable mortgage interest rates and hence, significantly reduced monthly payments. Consumers, who are interested in knowing more about low rate home refinancing, can visit their website at

Bad credit home mortgage refinance loan is provided by many organizations but it’s important to find the right source. Borrowers should also be ready to pay down high in order to get low rate bad credit home mortgage refinance loan.

Getting bad credit home mortgage refinance loan can be really troublesome and there are many things that a borrower needs to consider. When a person has bought his home, he might not have fantastic credit. His might have lost his job, economic turmoil might have been there and all these things were responsible for late bill payments and the missed loan payments. To build good credit score is very hard. The borrower should be very regular in his payments and should not miss any of them. He should also not have any kind of debts on his name. But due to the economic downturn many people have bad credit status and all of them are in search of bad credit home mortgage refinance loan.

Through mortgage refinancing, borrowers convert their home equity into cold harsh cash. They consider home equity as one of the safest way to save more money monthly. Mortgage refinancing is very simple process and it helps the needy borrowers in their tough times. People with bad credit score can choose refinancing mortgage with bad credit. Though, high rates are charged for this loan but borrowers can surely bring their life back on track by choosing mortgage refinance home loans.

Down payment is necessary
People with bad credit score have to pay down high in order to get mortgage refinance loans with bad credit score. Thus borrowers need to work hard and arrange for a down payment in order to get their mortgage loan refinance easily. By paying down high, the lenders risk gets reduced and thus he gets ready to provide loans at much lower rates in the market.
Finding the right source is important
Many lenders provide bad credit home mortgage refinance loan but finding the right source is very much important. Borrowers should research hard and find out various options available. Comparing the mortgage loan quotes can also help the borrower in securing the lowest rate car loan deal in the market. Thus it’s important to do the homework properly before finalizing any loan deal. This would help the borrower in securing low rate mortgage loan in the market. Borrowers who wish to get bad credit mortgage refinance loan may visit

It could be perfectly possible to qualify for lower bad credit mortgage refinance loan rates these days as there are lenders that could be ready to provide such types of financial solutions. However, to improve chances of getting approved with one of these loan dealers, borrowers need to consider some important aspects before researching their options.

Many people might think they will not be able to take advantage of low bad credit mortgage refinance loan rates just because of their poor credit past. But majority of them could be wrong in their assumptions as these days one may find lenders that are willing to provide home refinancing credit services to even those individuals who have undesirable credit ratings. Therefore, borrowers with bad credit do have some real chances of qualifying for loans for refinancing their homes. Nevertheless, probable applicants need to do some homework before they approached various specialized lenders to find out if any mortgage relief help can be received. An advance preparation may increase probability of getting an approval.

To that effect, for someone who is on the lookout for low rate Mortgage Refinancing Loans For People With Bad Credit it could be essential that he first determined accuracy of his credit profile. Credit status of an applicant could be the key for determining the type of interest rate which he is likely to qualify for. So it could be better if a borrower ensured that he worked upon improving his credit at least few months before he applied for a bad credit home refinance loan. And the first step in the right direction could be to get free copies of credit reports from the major credit reporting bureaus in the country. This may enable the borrower to check if there are any inaccuracies on his credit record so that they may be rectified.

Borrowers may obtain the best bad credit mortgage refinance loan rates for their situation by putting in some effort to repair credit. One way of ensuring this is to start paying off other credit bills quickly and reduce such debts before actually filling out an application. Even getting onto a low interest rate debt consolidation program can be a good option for erasing off credit dues quicker. Besides, there could be a couple of other considerations which borrowers need to take into account as soon as they contemplated refinancing their existing mortgages especially with a bad credit tag. One needs to ensure that the new interest rate is at least 2% lower than what he may be paying currently and that he intends to keep his home for long.

On the internet, one may find firms that help borrowers to secure Mortgage Refinancing Loans For People With Bad Credit faster and easier. It could be needless to say that such agencies have a nationwide network of experienced professionals who have the expertise to guide people in analyzing various alternatives to home refinancing. As a result, when a borrower seeks their online assistance, he is helped to find a competent mortgage specialist in his local area. However, one must make sure that he is working with a mortgage service firm that is totally reliable and reputable. Reputed agencies offer free credit restoration advice as well.

LoanexFastCash is a leading mortgage service provider in the United States which has been in business for over seven years. Till date, the firm has helped tens of thousands of borrowers in getting educated for finding affordable mortgage interest rates and hence, significantly reduced monthly payments. Consumers, who are interested in knowing more about low rate home refinancing, can visit their website at

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