Your home can be a valuable asset yet your home loan or mortgage needs to be closely nurtured to ensure you are paying the least amount of interest over time. More importantly, if mortgage payments become too difficult to make in a timely fashion, understanding your refinance options or foreclosure prevention options are critical to success.

In all cases a Mortgage specialist can help you understand the options available to you and what the pro’s and cons may be.

New Mortgage for Purchases

A new mortgage for a purchase is when you wish to purchase a home and need to obtain a loan to make the purchase.  The home can be a brand new home, or an existing home. In some cases the purchaser may wish to obtain a loan that is greater than the purchase price giving them extra cash to aid with moving expenses, home updates and other related items.

Mortgage Refinance for Existing Home Loans

Interest rates often change over time. If you have a home loan interest rate that is at least 1% higher than rates offered today, it may be to your advantage to refinance.  Sometimes a long term mortgage like a 30 year mortgage may have a higher interest rate, by refinancing you can potentially lower the interest rate AND reduce the term of the loan to say 15 years. This can significantly reduce the lifetime amount of interest you would pay. A mortgage refinance professional can qualify you, evaluate all of your options and help you select a refinancing option that meets all of your goals.

Reverse Mortgages for Seniors

A reverse mortgage is a loan for senior homeowners that allows borrowers to access a portion of the home’s equity and uses the home as collateral. The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away. A reverse mortgage should be evaluated in the context of your long term financial goals and include consultations with your financial planner, estate planner, accountant and potentially legal counsel.  This option can be highly effective but requires critical evaluation and proper planning to ensure it works best for you.

Mortgage Relief and Foreclosure Help

Life happens and sometimes unexpected things happen so fast it can put home owners in a very difficult financial position. The loss of a job or a medical emergency may severely reduce your income making it difficult to pay your mortgage OR qualify for a new mortgage refinance to a lower rate. What can you do? There are mortgage relief programs that can help, but there are qualifications and important pro’s and con’s to consider. A foreclosure prevention professional can help you navigate your options and make decisions fast, before you risk losing your home. Use the form on this page and select “Avoid Foreclosure to request immediate help.