What has the $11 Trillion Government Bailout Done for You?
(click here for CNN Bailout Tracker)
You keep thinking that something will happen…but nothing does. You see what is happening to banks and financial institutions. They are allowed to write off their bad debts, and then they asked for even more government money. They are now making record profits.
Banks will sometimes modify the mortgage rate for their clients, but they still need to make money on your loan so the limited rate reduction usually only saves a few hundred dollars at best. Worse yet, almost all loan modifications never reduce your principal balance. This means that if you are $50,000 or more underwater you will have many years, possibly decades, of negative equity dragging you and your family’s net-worth and investment power down the entire time. To qualify for a loan modification you still need to qualify with enough stable income to support all of your debts including your unchanged property taxes, insurance, HOA dues, credit card and auto payments, phone bills, etc. This is a very time consuming and stressful underwriting process and nothing is guaranteed. Six months into a loan modification process and you may find that you do not qualify having only slipped even further into financial jeopardy.
What about your increased credit card balances???
What about your family’s depleted savings accounts???
How are you going to help secure your financial future???
Where’s the REAL financial relief you need???
The government, however, does WANT YOU back in the housing market to help solve the current housing crisis that we will continue to witness for years to come.
Fannie Mae & Freddie Mac changed the waiting period to purchase another home after a short sale to only 2 years!
FHA will insure a loan up to $625,000 at a low fixed rate with no prepayment penalty and as little as 3.5% down payment in only 2 years after a short sale!
Lender & Government incentive programs, such as HAFA, allow up to $3000 paid to YOU for completing a short sale
With property values remaining low for many years to come, there is no better time than now to stop the bleeding and begin your financial recovery right away!
Call (877) 728-5942 or email us at SFFinancial@hotmail.com
Filed under: ShortSaleSolutions
