Say NO, to loan modifications... many lenders are taking the easy route by offering a loan modification, good for them! What about you? By signing a loan modification you agree to still OWE MORE THAN WHAT YOUR PROPERTY IS WORTH! What did you resolved with that? NOTHING... you will be paying the debt for life.
Our team has partnered with a multi-million dollar private investors and we are ready to assist you with a Principal Reduction Program. Have you been waiting for this? Then give us a call so we can help you.
What is the benefit for the homeowner?
New mortgage principal balance set with the current property value
The Customer never loses ownership of their property
Keep your home and avoid foreclosure
Primary, second homes and investments
Credit scores, bk, foreclosure, late mortgage payments it doesn't matter!
New note will be 25 years amortization and 10 years balloon
This program is created for the homeowners that wants to keep their primary, second home or investment property, and their properties are "up-side down" (owed more than what is worth) also know as negative equity. However, they are current in their mortgage.
How this works:
• We use the buying power of multi-million dollar private investors to buy notes from the lender, at below the current market value.
• Property must be 125% LTV on first mortgage.
• Once we obtain the note, we will refinance the note back to the client at 100% of the current market value.
• Our same investor that purchased the note will extend new terms
• A general rule of thumb: If the customer has no more than a 45% DTI (calculated based on new mortgage payment), then we can reduce their principal mortgage.
• Property value must be at least 25% up-side down
What is the process?
• After we received your package, we will pre-qualify your file
• After getting the pre-approval from our investors we will submit the proposal to buy your note from your lender/investor
• After confirmation and final negotiations with your lender/investor, our investor will restructure the note reducing the principal to the current market value of your property, and offer you new terms of payment (based on 25 years amortization and 10 years balloon). Is guaranteed that your new monthly payment will be lower than before!
• A Real Estate Attorney representing our investor will contact to finalize the transaction.
What if the lender does not want to sale the note?
We will pursue getting any type of help, and this may be:
• Principal Reduction via Loan Modification
• Short-Refi
• Loan Modification