Is Your Adjustable Rate Mortgage Making Your Home Unaffordable?

There’s a thing that’s lurking in the housing industry and is coming to a lot of different folks right now. Back in 2004 or so, there were a lot of 80/20 loans, 80/15 loans, basically when you purchased a home or refinanced back then and got a home equity line of credit as part of your mortgage, a lot of these home equity lines were adjustable rate. Unfortunately a lot of them had a 10 year term on them. Fast forward to 2015, a lot of these are getting ready to reset. We are having a lot of homeowners come to us wondering what to do because their payment is scheduled to go through the roof. Because of this they are no longer going to be able to afford their payments, especially since mortgage rates are also slowly creeping up.

If you’re in a situation like this with an adjustable rate mortgage and it is causing you to be underwater on your house and you are in a position where you need to get out of this please know that we’re here to help you. We have an incredibly high success rate in negotiating settlements on these home equity lines of credit and second mortgages to get you out of this situation. This allows you to move on with as little damage to your credit as possible. Don’t hesitate to pick up the phone and give us a call or get in touch with us via the short sale request form on our website. Even if you’re just looking for information for the time being and aren’t ready to take action, please still reach out to us so that you are educated and prepared for when the time actually comes that you need to complete a short sale on your home.

Find Out What Your Options Are With Your Seterus Mortgage

Today I would like to talk to you about your Seterus mortgage. Seterus is an interesting company; they seem to exist only in the loan servicing end of things because I’ve never seen a bank branch or anything else like that for them. If you have a mortgage with Seterus and are having trouble making payments or are underwater, you may be trying to find out what your options are. I want to let you know that I am very familiar with their company and their short sale processes, procedures and policies. We have done a lot of transactions with Seterus. In fact, once upon a time I actually had a vice president from Seterus call me up and kind of thank us for the business we do with them and for helping their homeowners out.

If you have a mortgage with Seterus and are trying to determine what your next steps are to avoid foreclosure please don’t hesitate to pick up the phone and give us a call or fill out the short sale request form on our website. We can discuss your particular situation with you and help you determine what the best option for your situation is. If a short sale happens to be the answer we’ll walk you through the process and let you know what you can expect throughout the entire transaction.

One of the many perks of working with a team like ours that has experience with Seterus short sales is that the amount of stress is kept at a minimum and the chances of success are very high. Again, even if you’re at the beginning stages and simply want to know what your options with your Seterus mortgage are, please reach out to us for information and help regarding your specific situation.