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January 2017 Archives

Is interest-only mortgage more than you bargained for?

As someone living in Washington D.C. and dealing with rising housing prices and mortgage rates, you may be wondering if interest only mortgages or fixed rate mortgages are best for you. Both have their benefits, and both have their down sides. It's up to you to choose which suits your situation.

Give your lender an eviction notice! File Chapter 13 bankruptcy

You want to keep your home, but your lender is knocking at your door threatening to evict you through foreclosure proceedings because you missed a few payments. More than likely, you attempted to work something out with your lender, but those efforts did not bear fruit.

What are the risks of interest-only loans?

Residents in Washington D.C. like yourself may be considering interest only mortgages. However, as with any other large financial decision, it is wise to consider all of the potential risks and disadvantages associated with this option before you make a final decision.

How can you avoid repo?

Washington D.C. residents like you have likely heard of “repo” before. It’s short for repossession – as in, the repossession of your vehicle if you find yourself in debt. Many find it a scary prospect, but in reality, there are ways that you can avoid having your car repossessed. We here at Ammerman & Goldberg wish to help you navigate those options.

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