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Who really qualifies for LOW interest rates?

 

I keep hearing about incredible low low mortgage rates... I’d like to know who are getting these historic low interest loans!!!

Here’s the truth; the people who really need the help are being turned away in droves.  It’s like watching a heard of majestic elk being hunted down, and driven over a cliff to their death!

It sounds extreme right? The fact is, if you have an adjustable rate mortgage that required 100% financing, and if your rate is about to go up with zero appreciation…you are definitely heading for that cliff!

More often than not, the reason for not qualifying for a low interest mortgage is not a credit issue but rather a lack of value issue.  You might be shocked when you learn that 10 or so of your neighbors lost there homes to foreclosure.  Since those homes were sold under value, your home could be worth less than you think.

So is home ownership going the way of the buffalo? Is the American dream on the “Endangered species” list?  The answer is no …and believe me when I tell you that there is HOPE!  

Let’s look at this objectively:
First of all, banks DO NOT WANT YOUR HOME!
What does that mean? It means your lender does not want to go through the expense and hassle of foreclosing on a home that they are going to sell for pennies on the dollar!

The solution is simple; you need to re-negotiate (Modify your loan) with your lender and work out a win-win solution.  Here are some questions to ask yourself to see if you are a candidate for a loan modification with your lender:

1.     Have you had a hardship that has caused or is going to cause you to get behind on your Mortgage?

2.     If your mortgage payment was 20% to 40% lower, would you be able to make it?

3.     Have you decided that you want to keep your home?

If you answered yes to these questions then give us a call today for a free consultation to see if we can help you save your home and get a fresh start in 2009.

Get a fresh start and save your home
Call 800.678.1150

 

 

Posted Friday Jan 09