Top 5 Ways to Avoid Foreclosure, according to John Ziraldo, CEO, Lighthouse of Oakland County:
1. Make budget and stick to it.
2. Be an educated consumer. Learn as much about real estate and mortgages before you go out looking for homes.
3. Don't buy a mortgage you can't live with. An adjustable rate mortgage assumes that your income will increase when the balloon payment is up or the rates reset.
4. Budget your mortgage payment. Make it the first payment you make or, better yet, have it automatically whithdrawn from your checking account.
5. Work closely with the mortgage company that's servicing your mortgage. Call them as soon as you have a problem. Don't wait until a problem gets out of control.
Click here for more information from the MSU Extension office in Macomb County.
Health Care Reform Debate 11/21
Michigan Senator Debbie Stabenow addresses the floor on the first vote that will take place for the health reform bill.
Health Care Debate 11/21
Michigan Senator Carl Levin addresses the Senate prior to a vote on the health care reform bill.
Have a concern? A question? Please let us know. Send a question to WWJ Newsradio 950!
We want to make WWJ your favorite radio station. Click here to send us a comment
Sponsored Links:
WWJ Newsradio 950 is Detroit's only all-news radio station and is the leader in Detroit radio news. Listen online to WWJ-AM 950 for live, local Detroit news, up-to-the-minute Detroit traffic, Detroit sports, Detroit business and Detroit community information. WWJ Newsradio 950 is an award winning radio station and you can listen online and podcast on demand Detroit news, Detroit Construction Alerts, Detroit School Closings, Winter Survival Guide and learn more about our Business Breakfasts. www.wwj.com.
E-Mail Story
Print Story
