Tip No. 1
Stop ignoring the problem! Get your head out of the sand so to speak. If you keep on ignoring the financial problems you’re facing, they will not go away miraculously. To make things worse, your financial problems can snowball into something bigger.

Talk to your lender right away to check if there are potential problems that might crop up and more importantly, check what possible solutions can help you.

Tip No. 2
The government is always on the move as they try to come up with different ways to help homeowners like you who’re struggling to keep up with their payments and who’re facing the risk of foreclosure. There are also independent lenders and companies who’re developing various programs with the same aim in mind. Contact them to determine what help they can provide.

Tip No. 3
This may sound painful but this is necessary – lose or cut all of the unnecessary expenses. Think about it – which matters more your home or those add-ons that you’re spending thousands on every month? You should know the answer.

Mortgage resources on Your Mortgage Center

MND NewsWire

1. Purchase Apps Up 6.3%. Refinance Demand Declines 3.1% 8 Sep 2010, 8:14 am
   The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 3, 2010. The MBA’s loan application survey covers over 50% of all U.S. resid. […]
2. Housing Crisis Needs Localized Approach, Not "One Size Fits All" Solution 7 Sep 2010, 11:58 am
   Eric Rosengren, president of the Federal Reserve Bank of Boston, told attendees at a Federal Reserve sponsored conference on REO and Vacant Property Strategies for Neighborhood Stabilization last Thur. […]
3. FHFA Establishes New Housing Goals for GSEs 3 Sep 2010, 7:44 am
   The Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011. FHFA is required by the. […]
4. Pending Home Sales Rebound from Record Low. What Might Boost Buyer Demand? 2 Sep 2010, 1:25 pm
   The National Association of Realtors released the Pending Home Sales Index today. NAR’s Pending Home Sales Index measures the number of home purchase contracts that were signed in the monthly reportin. […]
5. Fed Hosts Neighborhood Stabilization Summit 2 Sep 2010, 11:07 am
   Community organizers, state and federal government officials, and representatives from banking, research and educations institutions are currently meeting in Washington at a REO and Vacant Properties. […]
6. Recap and Charts: July Construction Spending Data 1 Sep 2010, 11:31 am
   The Census Bureau today released Construction Spending data for July 2010. Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequ. […]
7. Rising Refi Index Indicative of Pickup in Prepay Speeds on Recent Vintage MBS 1 Sep 2010, 9:35 am
   The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 27, 2010. The MBA’s loan application survey covers over 50% of all U.S. residen. […]
8. S&P/Case-Shiller: Home Prices Rise in June. Tax Credit Hangover Ahead 31 Aug 2010, 12:52 pm
   The Standard & Poor’s/Case-Shiller U.S. National Home Price Index was up 4.4 percent in the second quarter of 2010, more than recovering from the 2.9 percent loss that was suffered in the first quarte. […]
9. HUD Secretary Tiptoes Around Another Tax Credit, Pushes Balanced Housing Policy 30 Aug 2010, 11:11 am
   In the wake of a full week full of bad economic news, especially housing indicators, Secretary of Housing and Urban Development (HUD) Shaun Donovan appeared on CNNs Sunday morning news and interview p. […]
10. Conservator’s Report: A Different View of the GSE’s Demise 30 Aug 2010, 8:43 am
    The first Conservator’s Report on the Enterprises’ Financial Performance issued by the Federal Housing Finance Agency on Thursday makes an argument that the Government Sponsored Enterprises’ role in t. […]