Welcome to Home Mortgage
Application California Home Mortgage Loan 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 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.
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/Debt_Consolidation_Loans.htm
GoldMedalMortgage.com a nationwide home mortgage loan company, powered by Infiniti Mortgage Capital, also offers a full range range of mortgage products including first time home buyer programs.
For immediate assistance to stop foreclosure please call toll free 1 888 483 2500
About the Author
Camelot Marketing is a full service agency for small to mid-size clients.
Application California Home Mortgage Loan News
Mortgage settlement is too little, too late for many
Some who suffered foreclosures say the payouts are a pittance, and many homeowners in trouble won't qualify for help. The massive mortgage settlement may be setting new national standards for loan servicing, but it may be too little and too late to help troubled homeowners.
Read more...Settlement doesn't end all mortgage problems
Some who suffered foreclosures say the payouts are a pittance, and many homeowners in trouble won't qualify for help. The massive mortgage settlement may be setting new national standards for loan servicing, but it may be too little and too late to help troubled homeowners.
Read more...Low VA Loan Rates in Texas Are Now Being Sponsored By Security America Mortgage, Inc.
How the Lowest VA Loan Rates for military members are sponsored by Security America Mortgage, Inc.nio, McAllen, Texas, Orlando, Florida, California, North Carolina (PRWEB) January 11, 2012 Houston, Austin, Dallas, San Anto While the economy leans over the edge, the Federal Reserve Funding for VA Home Loans are expected to grow in mass production due to the increased amount of veterans and active ...
Read more...Risks when refinancing your home
If you are a homeowner who was lucky enough to buy when mortgage rates were low, you may have no interest in refinancing your present loan. However, if you bought your home when rates were higher, or perhaps you have an adjustable rate loan and would like to refinance, be cautious.
Read more...Who would benefit from a multibillion-dollar mortgage settlement?
A foreclosure sign tops a sale sign outside a home on Aug. 29, 2007, in northwest Denver. Federal and state officials and major mortgage servicers are moving closer to a settlement over alleged foreclosure and mortgage loan-servicing abuses.
Read more...BOARDROOM 1/29
Achievements Guy Willis, Jeff Merrill and Nick Barayuga were the top three producing loan off
Read more...Vail Daily column: More on the Making Home Affordable Act
In the first part of this series we identified the Making Home Affordable Act, the Obama Administration's initiative to help struggling homeowners get mortgage relief through mortgage modifications, interest rate reductions, refinanci Copyright 2012 Vail Daily. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Vail Daily Vail Daily column: More on ...
Read more...