Freddie Mac intros CHOICERenovation loan to fund renovations and fixer-uppers

Freddie Mac has just announced a new mortgage offering aimed at those looking to finance fixer-uppers. The offering is also available to existing homeowners who want to improve their current homes. The CHOICERenovation loan product was announced this Wednesday, with Freddie Mac saying it’s available immediately to all approved lenders. It said lenders will have

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Considering a Loan Modification: The Legal Ramifications

Imagine this ! You purchased your home and have been making your payments diligently every month for the last 4 years. The real estate market value in your area has dropped and you find yourself “upside down” in your loan. (You owe the bank more than what your home is worth). So what’s your next move?

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