What if I have one of these loans and don’t want to lose my home?

If you’re one of the people who is going to lose your home, you’ll have step up to the plate and start taking responsibility for your financial life.

• You can try to sell your home, but with lower values that may not be a possibility.
• You can try a “short sale”, whereby the bank buys the house at the new lower value. But that may or may not work and you still have to move.
• One way to help yourself is by doing a “Loan Modification”. That’s a process whereby your Lender may:

1. Lower your interest rate
2. Extend the length of the loan
3. Reduce principle owed
4. Or any combination of the three

In fact, a  Mortgage Loan Modification may be the best way to keep your home and preserve your credit.

How can I get a Lender to give me a Mortgage Loan Modification?

There are several ways you can get a Loan Modification. You can:

• Do it yourself
• The problem is that most lenders, if you actually get to the right department, won’t give you the option that’s best for you
• Ask the Government to help you
• With this option, you may get the modification, but the government gets part or all of any equity in your home for many years.
• Call a Mortgage Loan Modification professional
• A lot of people are doing “Loan Mods” out of their basement. You need an attorney to help you do it the right way. Many states have laws against loan mods not done by an attorney.

The bottom line

Don’t wait – take responsibility, do something now – the sooner the better.

Here’s a good program to look at. They use attorneys to negotiate with the Lender and have a track record of 90-95% success ratio. Full money back guarantee if they’re unsuccessful. In addition, they use the Money Merge Account system by United First Financial, to keep you on track to not only keep your home, but to pay it off is as little as 1/3 to 1/2 the time of your new mortgage! Check it out -  Mortgage Loan Modification

George

He was 82, and retired for twenty years.  He and his wife each got a small pension from their former company along with Social Security for each.  They spent their money as they earned it, going on trips, buying:”stuff” as they needed or wanted the stuff.  They had no retirement fund nor any money saved, because they spent it as they went along, but they got along quite well.  I didn’t ask him, but what if some emergency had come up?

This got me to thinking.  Most people don’t have a pension any more.  And they don’t have a retirement plan either!  They not only spend their money as they earn it like the gent in the auto dealer, but the “American way of life”, is to spend it way before they earn it!  Americans are up to their ears in debt, so unlike the gent in the auto dealer most Americans don’t even have spare money to save if they wanted to.

At least the gent in the auto dealer had a pension.  What if he just had Social Security?  As a Social Security recipient myself, let me tell you “YOU AIN’T GONNA LIVE ON SOCIAL SECURITY ALONE!”

What if now, you had a system where you could could save a little while paying off all your debt and even their mortgage in 1/3 to 1/2 the normal time.  What if you didn’t have to change your mortgage, change you mortgage payment, and change your lifestyle very little, if at all.  This system would teach you the discipline needed, where after all debts r’ gone, you could pay yourself instead of a debt.  You could retire debt free, own your home and maybe even have enough of a nest egg to retire with some dignity.

To find out more about this system, the Money Merge Account system, go to www.alldebtsrgone.com and register for a free analysis to see how you could retire debt-free.

George