Re-boot Ur Mortgage

Did you buy your house at the top of the market?

Would you like to Re-Boot your mortgage and re-buy it at the bottom of the market?

If you think I'm crazy, I'm not, we have just introduced our brand new Principal Forgiveness Program that is now available only in CA, NV, AZ, and HI.
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If any of this is confusing, call us and we will explain it in detail to you.

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Now you can defy gravity, turn back the clock and re-do your mortgage and start over at the bottom of the market instead of the top where you started.

Here is how it works:
Reduction of the Current Mortgage Balance to TODAY’S Appraisal Value
Program Guidelines:
•Restructured Mortgage Balance at Appraisal Value (market value)
•New Restructured Mortgage Term: Impounds Mandatory – No “Pre Payment Penalty”
•8.75% (Wall Street Prime & 5.5 points Fixed @ closing) PITI fully amortized over 30 years
•1st Mortgage and 2nd
Mortgage (combined)
•Judgments, Liens, and Child Support etc.: “May Remain on Title”
•Full Income Documentation ONLY
•Maximum Debt to Income Ratio 40% “Front End” @ new loan balance @ 8.75% PITI & HOA
•Evaluation & Appraisal Fee*: $795.00 (1st) + $595.00 for 2nd if present
•*Fee is 100% refundable if file not accepted by IFI. States: CA, NV, AZ & HI Cash to close:
•1St payment @ restructured loan amount
•1 old payment (given to previous lender at closing)
•RE taxes in rears
•Homeowner Insurance paid to date
•HOA Dues in rears
•15 days “Odd interest” Guidelines:
•Must be 60 late days or more on mortgage payment
•Must be upside down on 1st mortgage - 120%+ higher than property value
•Primary Residence and 2nd Homes only
•Home in BK is OK – the pre-arranged HOMR™ would need to be either approved by the Trustee of the BK released prior to closing.
•Debt consolidation payment grossed up by 125%
•SSI grossed up by 125%
•Rental income calculated at 75% of lease payment agreement
•Max loan amount $1,500,000.00
•Deferred Student Loan payments calculated @ 5% of loan amount divided by 12
•No conforming Fannie Mae or Freddie Mac, VA or FHA loans.