Not many people think about their parents or grandparents being in debt. However, according to the Federal Reserve Americans age 65-years-old to 74-years-old have a faster rate of debt growth than any other age group in the country. Therefore, many older Americans — including those in Tennessee — are dealing with significant financial challenges. In […]
Home Loan Modifications
The Federal Government has put in place incentives for mortgage companies to modify home loan mortgages in order to allow more people to remain in their homes and avoid foreclosure. The latest program is titled “Home Affordable Modification Program (HAMP).” The HAMP program is the latest effort by the Federal Government to encourage “workouts” between […]
