100 mortgage

100 mortgage
If you need help, you are not alone

If you are paying your mortgage you are not alone. Authorities project that over 2 million homes this year will be in default. One out of every 18 homeowners is behind on their mortgage payments. That is bad news.

Help is available

The good news is that many real estate professionals as well as the government and the credit and banking, are very interested in your home. On the average, a home foreclosure reduces surrounding property values by $ 17 to $ 18 dollars - within a radius of five miles owned. Every house saved means less free housing, higher property values, a stronger community and improving the local economy.

Real estate and financial professionals can help

Many real estate and financial professionals know that some people in their communities are in difficult times, and it is that their ability to take their mortgage payments to foreclosure and save their homes. Saved apartments mean stronger communities, a greater need for their services.

The U.S. government wants to help

The housing market is an important sector of the economy and the government wants to reduce isolation, and increased property values to strengthen the economy. The government has helped by new loan programs that are a little easier for homeowners to refinance into a loan with better interest rates, leading to lower mortgage payments. However, not all mortgage brokers have these programs. It is important to work with a broker who specializes in this area because they can remain up to date on new developments.

The banks and financial institutions can help

Banks are often willing to negotiate with homeowners who are behind on their payments or whose interest rates are adjusting to the extent that they are not in a position to make their payments no longer works. The banks would often prefer to pay a homeowner to changing conditions, rather than at the end with a free house on their books, they must pay to repair and sell.

Use a team of experts for the best results

You can also talk to your lender and try to conclude an agreement on your own. However, there are professionals who are experts on these types of negotiations and know exactly how best to your case to your lender to give you the best conditions of the loan or interest re-reduction. The result of successful negotiations may have a lower mortgage rate, but there is no guarantee. Timing and strategy are important. This is where an expert in this field is the key.

For the same reason, you can try to find out about the latest loan programs and decide what best for you, but work with the right mortgage broker you will be on the "reinventing the wheel," says the proverb.

Seniors have a special advantage

Seniors are a special case. If you are a senior, it is perhaps possible to make your mortgage payments with a mortgage product actually pays you every month instead of paying a mortgage. It is so-called reverse mortgage. It is not for everyone, but it may be exactly what you must be comfortable in your retirement. Even if you opt for a reverse mortgage in the past been denied, there are several new loan products can be developed even better suited for your situation.

Action plan to reduce your mortgage and save your home

Now is the time to strengthen, by using constructive measures.
If you are a homeowner who say: "I need to lower my mortgage payments or I will not be able to avoid home foreclosure. "" Here is what I would suggest you do next. Take the 8 steps that the spelling checker:
M-O-R-T-G-A-G-E

M - MOVE IT!: - Make sure that the measures as soon as possible. The sooner you act the more options you have

O - ORGANIZE DOCUMENTS YOU: Have you been afraid of letting these letters pile up in the corner? Make sure all files and paperwork organized, so you can your hands on what you need, fast. This also increases your sense of control over your situation.

R - Recruit YOUR TEAM: Look for an experienced team of real estate and financial professionals to extend the cooperation in your best interest. Start by clicking to your friends and family for recommendations and search both offline and online. Remember that in the financial world are not only geographically. Your best team members may be hundreds of miles away. Keep searching until you are sure you have the right group. Good consultants often work together. Sometimes the key to a team member that you know is the right fit for you and he or she can guide you to others.

T - take advantage of all resources: Keep an open mind. Work with your team to all the options for yourself and your family. The solution is not easy. Make sure to clearly communicate issues that are most important to you. Brainstorm. Ask questions. You will often find that the best strategy, and confirm yourself as you bicycle through the process.

G - GAIN FAMILY consensus: Discuss with all options and your decision. (maybe not the dog, but all others). Say it by helping to eliminate some of the stress and the necessary assistance, if all on the same page. It is amazing how much more you can, if you use the full cooperation of the most important people in your life.

A - ACT: Breathe deeply, and take steps to make your best choice. Do not enter into the analysis paralysis. At a certain point, you have to pull the trigger and make a decision.

G - Give yourself a break: Go easy on yourself, you know, you have the best for yourself and your family. Guilt, anger and frustration only SAP your creative problem-solving energy.

E-expect to share your knowledge: When you are finished, proceed on the knowledge you have acquired to others deserve your wisdom. Remember, if you are on the team setting, and was asked to provide recommendations? Now it's your turn to pay, if the future "and share your experiences, so that there are other advantages. Word of mouth is moving. You can the reason someone else can be at home by lowering their mortgage payments!

So you have it. If you:

Moving,
Organize all your documents
Recruit your dream team
Benefit from their wisdom,
Win your family consensus and support,
Action,
Give yourself a severe fracture, and
Expect to share your knowledge with someone who needs help ...

You will be amazed at how well you can with a solution ... With a little help from friends!

I hope you have some useful knowledge. May you and your loved ones have all the best for your future!

If you would like more information, and my other recommendations can be found at:

http://SaveUSHomes.com/

Toni T. is a real estate professional since 1999. It specializes in the development of creative solutions for homeowners primarily through networking and by creating strategic alliances with other real estate professionals nationwide - and in the local real estate market of Southern California. She lives in Los Angeles.