Every day I meet with people who may not WANT to sell their home, but have decided they MUST sell to avoid foreclosure. My heart breaks for these folks, because most of the time I can’t help them. Either they owe too much on their home to price it low enough to sell in this market, or they don’t have enough equity in their home to refinance the loan.
Thankfully, as days go by, there are more and more options available to these struggling families. We can consider a short sale, we can rent the property to tenants, and now it’s becoming easier to talk to the bank about loan modification. Read the rest of this entry »
If you have a VA mortgage, you need to call me. I have a lender offering a 5% interest on VA loans right now. She can refinance your loan at that rate for $13 and roll your closing costs into the new loan. You’ll recoup those costs through your lower monthly payment in less than two years. Borrowers who are currently paying 6.5% or more will save $150 PER MONTH or more on their mortgage payment. Read the rest of this entry »
