Are there any government programs to help you Save Your House?

If you have a second mortgage on the same property and it happens that the lender of your first mortgage agrees to take part in the Federal Housing Administration (FHA) Short Refinance, you may be eligible for the reduction or total elimination of your second mortgage.

How can I Save my House from foreclosure?

It allows you to lower your monthly mortgage payments as well as providing a way for you to stay in your home and avoid foreclosure. In order for you to qualify for this program; you must not be in foreclosure and must have a good payment history. This is a deed-in-lieu foreclosure or a short sale.

What to do if you are about to Lose Your House?

If you are about to lose your house, we could be able to help bring your mortgage up to date and work out a solution where we buy your house for cash and you walk out with money in your pocket (and without a nasty foreclosure entry on your record).

What happens if you get behind on your mortgage payments?

However, in today’s tough economy, it’s easy to get behind on mortgage payments and risk foreclosure. Foreclosure happens when you fail to pay your mortgage and your house is possessed by the financial institution that offered you the mortgage in the first place.

Is it easy to save for a house?

Saving for a home can feel like an impossible task, especially if you’ve never done it before. It’s true that a house will likely be the largest purchase you make in your life – but saving for buying a house is actually easier than most people think.

What to do if you fall behind on your mortgage payments?

In cases when you had been paying a high interest rate relative to current rates, lenders can cut your interest rate to reduce your monthly payment. Convert Variable to Fixed Interest. If you’re currently paying a variable interest rate, lenders can change it to a more affordable fixed interest rate.