Archive for November, 2011

Do You Qualify for a Loan Modification?

Posted on November 10, 2011. Filed under: First Time Buyer help, Lenders & Loan info, Making Life Easier, Orange County Real Estate | Tags: , , |

I’m astounded at how many Orange County homeowners qualify for a loan modification. And I’m even more astounded that they never seize the opportunity, generally because there’s so much misinformation floating around. As a result, hundreds of distressed homeowners never get the help they need. Mike Hatcher, seasoned modification advisor with the Ascent Network, is here again to offer a wealth of valuable insights —

The best thing I can do is clear away all the debris of misinformation.  So, in no particular order, here’s a list of GREAT loan modification candidates:

  • Those yearning to save an average of $1,000 a month — our average improvement.
  • Those with W2 income between $40k-$130k. Or the self employed, who usually don’t qualify for a refinance. We are 99% successful securing modifications for this group.
  • Those who never “rob Peter to pay Paul” in order to cover the bills.
  • Those who have perfect payment records but wonder how long they can afford to make their payments.
  • Those in default and are 14 days from a foreclosure sale on their property.
  • People worried sleepless because they fear losing their home and fear seeking help. This reluctance typically is the result of mass misinformation.
  • Those who want to shoot their spouse (or realtor) for deciding to purchase the house back in the mid-2000s.
  • Individuals seeking a long-term mortgage solution with a fixed rate.
  • Those who realize that renting ultimately costs more, don’t want to pay for or expend the energy for a move, and don’t want to live in someone else’s rental property.
  • Those who fail to qualify with their lender, or are given a token $30-$100 monthly savings modification as a consolation prize.

Quite a list, with more than a few surprises, eh? So, are you ready to learn how a loan  modification can put $1,000 extra in your pocket every month? Just call Mike at 877.871.2400  x15.  You’ll be amazed at how simple it is to cast your financial worries to the wind.

And, of course, if you’d like to learn more about the variety of opportunities the Orange County real estate market offers, I’ll be delighted to help. Just call, tweet, or email me at 949.338.7408,   @AngieWeeks, @WeeksTeam, or  angie@askangie.com.  I’m ready to assist you in any way I can.

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Why Loan Modifications Are Great For Investors

Posted on November 9, 2011. Filed under: Lenders & Loan info, Orange County Real Estate | Tags: , |

You all know that Orange County homeowners can reap substantial rewards from loan modifications.  But were you aware that loan mods are a great avenue for investors as well? Believe it or not, most investors can qualify for this excellent financial option. Here’s a quick overview by Mike Hatcher, seasoned modification advisor with the Ascent Network

Here at the Ascent Network, a faith-based, non-profit organization, we offer a number of outstanding options for investors. Thanks to our experienced and knowledgeable team, we’ve helped thousands of clients since 2007.  And one of the major ways is by securing loan modifications for investors. Why should you pursue a loan mod if you’re an investor? Here are the five top reasons:

1.   Income qualification is based on Profit and Loss (P&L), which we help put together for you, not your tax return. A P&L is a great asset. That’s because, depending on your debt to income thresholds, deductions may or may not be applied to ensure the best fit for a client.

2.   Our average, the investor modification rate is 4.25-4.5%

3.   This is a fixed rate.

4.   The term typically is 30 years, with some going as long as 40 years. For the record, 30% of lenders consider a 40-year term.

5.   We negotiate successful outcomes with 80% of our clients.

Would you like to learn how modification can help you leverage the value of your investment property to put more cash in your pocket on a monthly basis? Call Mike at 877.871.2400 x15, and boost the cash flow from your investment property.

And, of course, if you’d like to learn more about the variety of opportunities the Orange County real estate market offers, I’ll be delighted to help. Just call, tweet, or email me at 949.338.7408,   @AngieWeeks, @WeeksTeam, or  angie@askangie.com.  I’m ready to assist you in any way I can.

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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