Credit Counseling Content Index - Page 1

Credit counseling services can be used to help get budgeting assistance and get financial affairs in order. However, some credit counseling agencies are scams and you could end up in worse shape. Check out the National Foundation for Consumer Credit or the Consumer Credit Counseling Service. Look at our articles, blog posts and videos for more information about what a credit counsling service can do for you.

**Refinance Fees: How Much Is Too Much?** When you're refinancing your mortgage, how much should you be paying in refinance fees? It can be hard to tell what fees you're paying to the lender, what is prepaid interest, and what are the other costs of the loan. Refinance fees, especially for prepaid interest, can add up to the closing costs of refinancing your loan. Have your lender explain exactly what all the refinance fees are going toward before you make any decision about refinancing or canceling your refinance.

**Getting financial help on a budget.** Thousands of people come to ThinkGlink.com for financial and personal finance help. If you are in need of financial help and you are on a budget, here are some tips that might help you. You can also think about your financial future and use the information on our site to help you out. You can visit with a top consumer credit counseling service, take advantage of all of the free financial help on ThinkGlink.com and check out some of our free books and other products at the [ThinkGlink Store](http://thinkglinkstore.com/).

**Short Sale vs Foreclosure: Which One Can You Get To Close Faster** When you are out shopping for a home are you better off looking for a seller doing a short sale or buying a home that has been foreclosed on by the bank. In a short sale you will deal with the owner of the home but will be at the mercy of the bank but in a foreclosure, you will be dealing directly with the bank trying to sell the home in the open market.

Ilyce Glink Show Notes - November 1, 2009. How has the credit crisis and recession changed you and your spending habits? I want to hear from you. Free books and ebook deal. This week, our latest ebooks, on investing in real estate, will be released on ThinkGlink.com as will our podcasts from our How to Profit From Foreclosures event. Sign up for our free weekly newsletter to get the latest information, discounts and deals.

**Mortgage Refinancing: If You Can't Refinance, Should You File for Bankruptcy Or Let The Home Go Into Foreclosure** Before a divorce, spouses frequently spend hours negotiating the details of each item they own, but they frequently neglect the single biggest asset they own together: their home. The best course of action at the time of a divorce is to require the spouse that is going to retain the home to refinance the home prior to the divorce becoming final. If you allow your ex-spouse to retain the home and the mortgage is still in your name, you are still on the hook for the mortgage payments and your credit is subject to take a hit if the mortgage isn't paid on time or your ex-spouse files for bankruptcy or lets the home go into foreclosure.

**Second Home Loan Modification Is Denied By Lender** More and more people are finding that they have fallen into a trap. They bought a second home or moved to get a job and left their primary home, now when they call their lender to request a loan modification, the lender refuses to give them a loan modification because the home is no longer a primary residence. With that logic, the home will be lost to foreclosure and the lender may end up taking a bath on the loan. Wouldn't it be better for lenders to agree to a loan modification with a borrower looking to keep current with their payments than deny the loan modification on the second home and let the home go into foreclosure?

**Mortgage Problems Can Lead To HELOC Foreclosure** Many borrowers have two loans on their property: one loan is with a first lender and the second loan is with a home equity line of credit lender (HELOC). In some cases the loan may not be a HELOC, but rather a second loan. In any case, if you are having mortgage problems or mortgage troubles and stop paying either the first lender or the HELOC lender, you might be in big trouble and going down the road to foreclosure. Foreclosure is one option lenders have, but you might be able to negotiate a solution before foreclosure.

Taylor Bean & Whitaker Update: October 7, 2009 -- For Taylor Bean & Whitaker customers who have been having trouble with their escrow payments and a program called Equity Accelerator we have an update on how to handle your payments with Taylor Bean & Whitaker. Below we have tips from the Georgia Department of Banking and Finance on how to cancel Equity Accelerator and handle your escrow payments with Taylor Bean & Whitaker.

**Quit Claim Deeds and Divorce: Better To Refinance Mortgage After Divorce** Signing a quit claim deed upon a divorce can be a mistake. You are much better off refinancing the mortgage after the divorce than letting your ex-spouse control the home by giving him or her title to the home using a quit claim deed. There are other options at the time of the divorce other than a quit claim deed. Years later you may find out that you will be hurt because you gave a quit claim deed when you divorced and now your ex-spouse has incurred additional debts and has harmed your credit history and your credit score.

**LLC vs Corporation: Is An LLC Better For Real Estate Investing** Most people prefer an LLC for real estate investing. But some accountants still recommend that their clients use an S Corporation to invest in real estate. LLC, or limited liability companies, have become the method of choice for real estate investors. Most states have laws that permit the use of limited liability companies or some other company structure that is similar to an LLC.