Loan Modification & Credit Solutions

Is your property worth less than your mortgage?

Are you having difficulties keeping up with your mortgage payments? Are you carrying high credit card and other unsecured debt? Has your credit score been hurt as a result? Many of us today can answer yes to at least one of these questions and some are facing all of these problems with little or no help.

What if you could lower your mortgage payment to an affordable level? Would you take advantage of an opportunity to reduce the prinipal on your loan or to lower the interest rate?

If you could improve your credit score to a credit rating that you would find acceptable and beneficial would you?

If you could renegotiate most of your credit cards and debt would you?

The answer to these questions is obvious. Of course you would, we all would and with todays credit solutions now we can. As part of our committment to providing "Simply Better" client services GES Real Estate is offering the following additional services:

- Loan Modifications (reduce your payments and keep your home)

- Short Loan Refinance (refinance to a lower affordable mortgage)

- Short Sale Mitigation (sell your property for less than you owe)

- Deed in Lieu of Foreclosure (avoid foreclosure and further obligations)

- FICO Enhancement (quickly and effectively improve your credit score)

- Debt Settlement (free up cash and reduce your credit card debt 50% or more)

GES Real Estate together with a network of attorneys and credit specialists with many years of experience in the credit markets is able to offer any or all of these services designed to help clients emerge from very difficult times with a much stronger more positive financial position while enjoying immediate relief from the financial pressures and uncertainties they now face.

We have all the tools necessary to help in these very trying times. Here are some answers to commonly asked questions regarding Loan Modification:

- You do not have to be late to negotiate a modification or short sale

- Option ARM and negative amortization loans are negotiable

- Non owner occupied homes are negotiable as are duplex etc.

- Rates can be negotiated lower than normal or par

- Terms can be extended beyond 30 years

A loan modification can consist of any or all of the following;

A. Rate lock (i.e. 3 yr fixed, 5 yr fixed, 30 yr fixed)

B. Rate reduction (ie.7.25% to 5.5%, 5.95% to 3.25%, 11. % to 6.5%)

C. term extension (ie.15yr term to 30yr term, 30yr term to 40yr term)

D. Principal Reduction

If you or anyone you know need to lower your mortgage payments to an amount that you can realistically afford, improve your credit score or settle your unsecured debt please call 561-306-6736 or 877-566-2430 or email me at rebuygeorge@yahoo.com for a private consultation.

Is Great Credit Still Important ?

It may seem like an odd topic for discussion or consideration at a time in our economy when overextended credit has gotten us into such a mess. If you've had a difficult time getting a loan lately it can be unsettling although there may be some comfort in knowing that your not alone. Because of the condition of the markets, getting a loan will become increasingly more difficult.

Our credit scores reflect our behavior as borrowers. You may not consider your credit score as important as it was a few years ago being that it's so difficult to get any these days. Credit and credit worthiness still matter for many reasons. You may eventually need a new mortgage because you're relocating for employment or for any number of reasons. You may need your good credit to send a child to college. You may need it to continue using credit cards because your income has fallen or disappeared for awhile. Your good credit may help get you through the difficult, unexpected times that seem to inevitably sprout up on us from time to time. We can't always know when our credit may be a factor but if a need to borrow becomes apparent it could be too late to repair any credit problems.

Our credit is something that we still have control over. We can see our credit history and credit report in the privacy of our own homes by going to annualcreditreport.com . A copy of your FICO score which is the combined credit rating from 3 reporting agencies is available also at myfico.com . Currently the median FICO score is 720 but that number may very well change in coming months. As more people default on loans the average or median score will get lower.

If your considering a new mortgage the rule of thumb now is the larger the down payment the better the rate as long as your credit is good. If you don't have a large down payment there are still good loans available. FHA insured loans require as little as 3% down even if your credit score is below average. It would be great if these conditions for lower scoring people were available for other types of loans. Until they are our credit score is crucial to our survival and we can protect it, improve it and preserve it.

Check your credit report for any possible errors. Look for accounts you may not recognize and report any discrepancy to the credit bureau. They could be an indication of identity theft. Report any incorrect late payment recordings or other derogatory errors that could negatively affect your score. They should respond to your requests in no more than 30 days. Preserving our credit may seem like an exercise now but at least it's something that we each still have complete control of.

For more information on FHA or conventional mortgage requirements or for the latest available mortgage programs and rates call or email George Sinacori 561-306-6736. Visit GES Realty online or any of my websites to search for a home in Southeast Florida.