News / Finance
Want a Better Mortgage Payment? Know All Your Best Options
Lower your rate with either a refinance 30 year fixed or see if you are eligible for a loan modification.
An alarming 34% of Americans have no clue what kind of mortgage that they have. CNBC recently reported that $1.4 trillion of loans are going into default. The loan business is a $10 Trillion business – that’s 14% of all loans in the United States that are going into default. There is help for you.
Many homeowners are considering a loan or note modification. One of the biggest myths is that you have to be behind in your mortgage. This is an agreement with the lender to change/modify the terms of a loan in lieu of a foreclosure or short sale. It’s a win-win situation for the bank and the owner of the home. It allows the owner to be able to continue living in their home without being forced to sell or having the bank foreclose on their property. It allows the lender to save on the costs of a foreclosure or having to take a reduced pay off on a short sale. A note modification is for someone who cannot afford their monthly payment but wants to stay in their home. For the lender, a note modification is a better alternative than a short sale, which is typically a better alternative than a foreclosure.
When shopping around for a loan/note modification company, Fred Solomon has a free report with 7 THINGS YOU SHOULD ASK YOUR LOAN CONSULTANT FOR and it is available today to help you or someone you know.
For additional information or for your free report, that is the subject of this press release contact Fred Solomon or visit http://www.freemoneyhour.com/loancost.php
Fred Solomon is co-host of The Solomon Free Money Hour Talk Show; trainer-speaker on real estate, foreclosure, current mortgage and market trends; author of PUT YOUR MONEY WHERE YOUR HOUSE IS.
Solomon Financial advisors are available M-F (800) 811-7709
www.freemoneyhour.com
