||The Singhal Team
Campbell & Rosemurgy
1750 North Federal Highway
Pompano Beach, FL 33062
Loan Refinance and Modification
The Singhal Team wants you to know your options when facing tough situations in today's Real Estate market. Some homeowners may qualify for various "Affordable Refinance" programs available. In other cases, a homeowner may be able to go through a "Home Loan Modification" program where the terms of the mortgage are re-negotiated. In each case there are many guidelines and requirements, so we are giving you an overview below.
For more information on howThe Singhal Team can help you,
|Affordable Home Loan Refinance
||Affordable Home Loan Modification
|For homeowners who have suffered a loss in property values but who have consistently made their payments on time and can benefit from a reduced interest rate or payment.
||Homeowners who are behind in their payments, or on time but struggling, may be able to have their mortgages modified to more affordable terms
Mortgage payments current
Single family or up to 4 units
Income to qualify for new payment
Lower interest rate, lower payment
More stable loan product (ARM vs. Fixed)
New loan amount not to exceed 105% of value
Conforming loan limits
Fannie Mae or Freddie Mac
Owner-occupied primary residence
Loan originated on or before 1/1/09
First-lien loans up to $729,750 (Higher for owner occupied 2-4 units.)
Fully documented income, IRS 4506-T, 1040, pay stubs.
Signed affidavit of financial hardship, job loss, medical issue, etc.
Occupancy verification & credit report
Not for investment, vacant, or condemned properties.
Program availalbe now through 12/31/12
please fill out our convenient online form.
OR CALL 954-770-8083 TODAY TO SET UP A FREE AND CONFIDENTIAL CONSULTATION!