At the risk of sounding like a commercial there is a growing problem among home owners we have spoken with. Use whomever you feel best meets your particular needs, but read this and see if it makes sense to you.
I don’t know if you know, but right now over 2 million people are in trouble and may loose their homes because they don’t know what kind of a loan they have.
If you have a friend, family member, business associate or neighbor who has obtained a mortgage within the last 5 years, they may not know what kind of loan they have. Many loans have a variable rate interest feature that typically adjusts upwards in 2 to 5 years.
More than 35% of the lenders who made those loans have gone out of business in the last year and there is nobody left to explain their loans. As rates adjust, many loan holders may find a significant increase in their monthly payments with little warning.
It is possible that some people will be able to avoid an increase in payments by refinancing. Just knowing what type of loan features you have, may make it possible to make plans to lessen the impact of an adjusting mortgage interest rate.
My Mortgage Specialists – Alicia Bacon and Dori Kenworthy from Yield Financial Corp are working with me to offer a free immediate review of these mortgage products to alert folks who might have some difficulty otherwise.
If you aren’t sure if you have a problem and want to avoid an unpleasant surprise, you are welcome to take advantage of this free opportunity. We’ll help you see what you have, and maybe we can suggest a few options to help you decide what to do.
Email or call me at Mark@movewest.com or phone (805) 504-0228.
(By the way, I am not myself a mortgage lender nor do I have any financial arrangements with the lenders I recommend. )
You can contact Alicia and Dori directly at:
Alicia@YieldFinancial.com or phone (805) 504-0225 or
Dori@YieldFinancial.com or phone (805) 504-0226.
For more commentaries and market surveys you are invited to visit my website blog at http://www.markthorngren.com .
Warmest Regards,
Mark Thorngren
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