Loan Safe
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Hello, my name is Moe Bedard, and I’m the founder of LoanSafe.org, a free and independent mortgage assistance website for consumers since 2007.
I first began working on LoanSafe as an online forum to assist people who were having trouble paying their mortgages and at risk of losing their homes to foreclosure due to the home loan crisis that swept across America at that time.
The articles, content, and LoanSafe forum have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. I have protested at the US Senate house and Wall Street CEO lawns. Source
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| Scope | International |
|---|---|
| Language | English |
| Country | United States of America |
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Recent Articles
Search ArticlesEnergy-Efficient Mortgage (EEM): Make energy-saving improvements to your home
The Energy-Efficient Mortgage (EEM) program is designed to offer a financial incentive to homeowners who make energy-saving improvements to their homes. The goal of the Energy-Efficient Mortgage program is to encourage homeownership while also promoting energy efficiency. Not only does this help the environment, but it also helps homeowners save on their utility bills each month.
FHA borrowers hit hard by rising mortgage rates
Rising mortgage rates on FHA loans are driving up monthly payments, making it harder for many to afford. FHA loans have long been touted as one of the most effective ways for first-time homebuyers to get a mortgage. But with rising interest rates — and a lingering threat of more — FHA borrowers are about to face more pain.
How much mortgage do I qualify for?
Figuring out how much mortgage you can afford is a process that involves several steps. Once you have gone through all of them and have thoroughly examined your financial situation, you can have a much better idea as to how big of a loan you can afford, and in turn, how big of a house to look for. The general rule of thumb is that about a third of a borrower’s income should be dedicated to financing a home.
Mortgage Rates Rise for Week Ending April 1, 2022
U.S. mortgage rates jumped again this week, according to Freddie Mac’s Primary Mortgage Market Survey of April 1st. The 30-year fixed-rate mortgage rose to 3.29% from 3.21% last week and 4.07% a year ago; the 15-year fixed rate moved up to 2.61% from 2.57% and 3.26%, respectively; and the 5-year ARM rate averaged 2.77%. The U.S. economic recovery has been fueled by record-low mortgage rates and stimulus checks from the government to help support households during the pandemic.
How to write a hardship letter with examples
To qualify for a loan workout such as a loan modification, short sale, or forbearance, you as the property owner must write a hardship letter to your lender to prove that you are facing financial difficulties. The purpose is to explain the details of your financial situation and the reasons why you can no longer afford your mortgage payments and detail the steps you are taking to correct your problem.
When will the FHA mortgage moratorium on evictions end?
On July 30, 2021, the Federal Housing Administration (FHA) announced an extension of its moratorium on evictions for foreclosed borrowers and their occupants through September 30, 2021, in response to COVID-19 and the ongoing economic recovery. FHA’s eviction moratorium extension will also help ease some pressure from lenders who are seeing a rise in delinquencies as rates climb higher.
Flex Loan Modifications for Fannie Mae and Freddie Mac Mortgages
The CARES Act was designed to help struggling homeowners during the COVID pandemic by offering mortgage forbearance options. Millions of homeowners took advantage and didn’t have to pay their mortgage for three months or longer, depending on the lender. Now that the forbearance period has ended, many homeowners still need help. If you have a mortgage owned by Freddie Mac or Fannie Mae, you may be eligible for a Flex Loan Modification. Please keep reading to learn what it’s all about.
Rich Dad Poor Dad Author Robert Kiyosaki Predicts Major Housing Crash
The Rich Dad Poor Dad author, Robert Kiyosaki has been in the news lately for saying that a major crash is coming to the real estate market and the stock market due to the debt crisis of China’s largest property developer, the Evergrande Group. The Chinese developer owes $300 billion in outstanding loans, and their property portfolio looks overvalued to him. In a Tweet last week, he told his 1.7 million Twitter followers that he expects a massive crash in the near future.
YouTubers Austin and Catherine McBroom’s Home Foreclosed
YouTubers Austin and Catherine McBroom Woodland Hills home was recently foreclosed upon by their lender, 5 Arch Funding Corporation, for failing to make payments on their $8.7 million mortgage. The celebrity influencers were served with a notice of default in May 2021, and the home was sold on October 19 at a foreclosure auction. The McBrooms falsely denied rumors on social media that they could be evicted from their house.
Elon Musk Takes Out Risky Adjustable Rate Mortgages on 5 Properties
Elon Musk is a well-known entrepreneur and billionaire who is best known for his roles in Tesla and SpaceX. He has plenty of money, but recently he took out several very large mortgages on five properties in California. When he borrowed this money, Musk faced some big decisions about which type of loans to go with. There are two options: fixed-rate mortgages or adjustable mortgages. Fixed-rate mortgages provide the borrower with a guarantee of stable monthly payments.