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.
What's Hot Around Town 11/20
WWJ's Roberta Jasina talks about some of the latest things to see and do around town
Making A Difference 11/21
Bill Stevens talks to those in metro Detroit who are making a difference in our community.
Republican Weekly Address 11/21
In this weeks Republican address, Senator Mike Crapo of Idaho criticizes the Democratic Health Care reform bill.
President Weekly Address 11/21
In his weekly address, President Obama discusses the economic issues he tackled during his first trip to Asia since taking office.
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