Modify or Refi
Help is Here. Contact me if you are serious about improving your mortgage situation. Tish Washington 626-945-5987 tishwash@gmail.com
A recent article I read in Yahoo Finance prompted me to set up this website. This article listed the Top 10 Cities with the highest foreclosure rate. Eight (8) of the ten (10) cities are in California. Here's the list of California cities:
Los Angeles, Stockton, Riverside, Sacramento, Santa Ana, Fresno, San Diego, Bakersfield. I just feel so much for these people that are losing their homes, or are close to losing their homes. So I made this website to help the people that are struggling with their mortgage payment, or struggling to hold on to their home.
First, let me tell you I am a licensed Real Estate Broker. I'm licensed by the California Department of Real Estate. I have been in the financial industry for 20 years, and spent the last 5 years focusing on Mortgage Lending. So, I have experience and I can help you.
I know what it's like to have that nagging feeling of "What am I going to do about my mortgage?"
What is a Loan Modification?
One definition of modify is to make basic or fundamental changes in. So when a mortgage is modified there are basically 3 things that can change. The best term to change is the loan amount. In some cases, where the loan amount is more than the value of the home the lender will agree to decrease the loan amount. That would be a fundamental change, and is the most difficult to negotiate.
The most common modifications approved are lowering of the rate and the monthly payment. A modification does not require a credit check or an appraisal of the property. Also, they are less expensive than a full refinance because there are no closing costs.
The benefits of a loan modification are the homeowner gets to stay in the home. You get lower payments, a lower rate, and sometimes, as stated before, your loan balance can be reduced. Also the homeowner's credit is updated.
One of the added benefits is you'll probably start sleeping better once your mortgage problems have been temporarily alleviated. Loan modifications have terms from 1 to 5 years. But that's okay because it gives you time to repair your credit and then refinance later.
So call me today and let's get working on that Loan Modification. In case you are wondering, yes there is a fee. Because the Loan Modifications I do are attorney assisted the fee is $2,995.00. I know, I know that seems like a lot. But compared to the $5,000 to $7,000.00 cost of a refinance, $2,995.00 isn't that much. And, in most cases when the modification is approved, you won't have to make a payment until 30 days from the approval date. Also, isn't keeping you and your family in your home worth $2,995.00? Because of the vast experience my team of attorneys possess, we will not even take your money, or your case if we are not 96% certain your loan modification application will be approved. Even after all that, if you are not approved, you will get a full refund of your hard earned money. That's how sure we are, that your loan modification will be approved. What have you got to lose? Your home! I don't want to see that happen and will work hard to make sure it doesn't.
If you have any questions call me 626-945-5987
Want more info? www.2ModMyLoan.com
Mortgage Rates at 4.75% for a 30 yr Fixed Mortgage!
This is not a gimmick. You do not have to buy down the rate, and this is not a Negative Amortization Program. The industry has no idea how long the rates will stay this low. So if you have a rate that is 6 % or higher, you should consider refinancing your mortgage even if you are not past due on your mortgage presently. In case you are wondering what the difference is between a loan modification and a refinance is, a refinance is a totally new mortgage. This would include closing costs, but your new low mortgage payments would be set for 30 years.
So, no matter what your mortgage lending needs may be, I can help you. The invitation is out, now it's your turn to RSVP. Tish Washington 626-945-5987.
