Our Affiliate Partner's Property Retention program can help
homeowners remain in their home by
helping to negotiate
lower monthly mortgage payments!
There are a variety of events and situations which
can cause once financially
responsible homeowners to fall back on and eventually default on
their mortgage. Recently adjusted interest rates from an
adjustable rate mortgage (ARM) is one example.
Then of course there are the effects of the current state of the
overall national economy which has caused many single and
two-income households lose a large percentage of their income. This usually
comes in the form of reduced work hours, reduced or eliminated
overtime hours and ultimately job cuts and layoffs.
Many homeowners are also faced with property values
which have been reduced to the point where they owe more than
their property is worth, this is now commonly referred to as being
underwater. Once a mortgage is underwater
refinancing is no longer a viable option for the homeowner.
THE SOLUTION
Our Affiliate Partner's Property Retention program assists
homeowners who are having trouble keeping up with their
mortgage payments. The program is designed
to help homeowners who specifically want to remain in their
homes and hence avoid a foreclosure and all of its
negative credit implications. The homeowner's lenders
are contacted directly on the borrower's behalf to negotiate
lower interest rates and payment terms. Ultimately, our
Property Retention program can help homeowner's remain in their home and maintain their good credit.
DO I QUALIFY?
Every homeowner's
financial situation and each lender's qualification
requirements are different but the following are some of the
common things most lenders look for in potential loan
negotiation candidates; 1. Explanation of the
homeowner's financial hardships which have or
are
causing them to default on their loan (i.e., lay
off, pay cut, new job...) 2.
The willingness and
ability to stay in the home (i.e., adequate monthly
income to cover future reduced monthly payments)
3. Equity and Interest
Rate Issues (i.e., negative
equity, adjustable rate
mortgage, interest only loan...).
Note: Actual results vary. Final
modification decisions and reduced monthly payments are
ultimately determined by the corresponding lenders.
Fundamental Financial Corp. is an authorized representative
of Home First, Inc. All Property Retention negotiations are done directly by Home First,
Inc.
Call or visit us today to set up a
private, no obligation consultation regarding your particular
case!
