The government has launched a program that actually reduces mortgage principal.
Consumers stay on the sidelines, expecting rates to remain low and housing prices to fall further.
You could actually pay more in total interest under a refi than you would just sticking with your original loan.
A modification would help some, but it's not going to get us out of this mess.
Minnesota victim of foreclosure fraud says 'I just have to start over again.'
Consider these important points and focus on the long term.
But I did learn 7 lessons from the experience.
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