Welcome to Home Mortgage
Application California Home Mortgage Loan Money Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
A Simple California Debt Consolidation Loan Can Save You Money Immediately, And Even Stop Foreclosure
from: Keith HuntMany people contact us when they are 30, 60 and 90 days in their mortgage payments. If they are this late with their house payment they are generally behind with the car and have several credits cards that are maxed out.
A simple debt consolidation loan would take of all these troubles. By using the equity in your home all the debts would be paid off and you are left with a clean slate and generally spending less money every month.
For more information please go to:
http://www.goldmedalmortgage5.com/california/10/California-Debt-Consolidation-Home-Mortgage-Loan.html
One benefit to a debt consolidation loan that often overlooked is the tax advantage. Interest on a home loan is tax deductible where interest on credit cards and cars are not.
Our office received a call early one morning from a man desperate to save his home and needed foreclosure help. He was already 90 days late on his mortgage and desperately needed to refinance and pull out money to pay off enormous debts.
He had just started a new job where he actually was making less money than before, and was in a real financial bind. His poor credit made it difficult for him to even qualify for a loan, let alone a low interest rate. To make matters worse, the next day he received a notice of default on his property.
This man was worried that his family would have no place to live. He was reassured that we would save his home and help him through this difficult ordeal.
We began immediately researching ways to help this client and found a lender willing to work with him and save his home just in the nick of time. His mortgage payment stayed about the same and he was able to pay off more than $25,000 in other debts, which alleviated several hundred dollars in credit card payments every month.
More importantly, this man's house was saved and his family was in a much stronger financial position.
“A bank is a place that will lend you money, if you can prove that you don’t need it,” Bob Hope once quipped. But when you are going through a bad financial spell, you need an institution that will stand by you.
Banks tend to make loans that are risk-free to them. It is hard to imagine that any bank would have helped him in this situation. But as a nationwide mortgage banker we have ongoing relationships with lenders that specialise in different types of loans. This knowledge allowed us to help a client save a family home from certain foreclosure.
Although we have the ability to help in extreme situations such as this, we highly recommend that homeowners take action long before desperation sets in.
For more information please go to:
http://www.goldmedalmortgage5.com/california/10/California-Debt-Consolidation-Home-Mortgage-Loan.html
For immediate assistance to stop foreclosure please call toll free 1 888 300 2040
About the Author
Full service marketing
Application California Home Mortgage Loan Money News
Foreclosure: A Sociological Disaster - Huffington Post (blog)
Foreclosure: A Sociological Disaster Huffington Post (blog) Wachovia was the mortgage holder at that time. The family went to that bank and requested a loan modification. At that time in 2008, the government's TARP ... |
Calif. politics has short sellers facing big bills - The Associated Press
 LAist (blog) | Calif. politics has short sellers facing big bills The Associated Press Depending on the type of loan, the government can consider the forgiven debt as income and tax it. In California, most first mortgages to buy a home aren't ... Calif. politics has short sellers facing big bills |
More homeowners are opting for 'strategic defaults' - Los Angeles Times
 Los Angeles Times | More homeowners are opting for 'strategic defaults' Los Angeles Times Now she says it will never be worth anywhere near the amount of her mortgage, so she stopped paying on her loan and moved out. (Bret Hartman / For The Times ... |
Federal Home Loan Bank Sues Over Mortgage Securities - BusinessWeek
Federal Home Loan Bank Sues Over Mortgage Securities BusinessWeek Federal Home Loan Banks lend money to more than 8000 thrifts, credit unions, insurers and commercial banks at below-market rates, mainly to finance their ... Carte Blanche for the Banksters |
One family's nightmare struggle to keep their home - MarketWatch
One family's nightmare struggle to keep their home MarketWatch Their lender, OneWest Bank, denied the Gentrys' application to have their mortgage altered through the Home Affordable Modification Program, under which the ... |
5 states rush plans for $1.5B in housing funds - The Associated Press
 Tampa Tribune | 5 states rush plans for $1.5B in housing funds The Associated Press Rosen suggested allowing the value of a home that is worth less than the homeowner owed to be written off, replacing that amount with a second mortgage that ... Hardest Hit Housing Markets Program - Updated Region May Get Big Chunk Of Foreclosure Funds 5 states rush plans for $1.5B in housing funds |
Cancelled mortgage debt form 1099 c California - LoanSafe
 LoanSafe | Cancelled mortgage debt form 1099 c California LoanSafe It is best to consult any state laws that may overrule the Mortgage Forgiveness Debt Relief Act. Second, in California, purchase money home loans are ... |