1) Our company/affiliates will negotiate with your lenders to purchase the mortgage on your home/property at their current market value.
2) Our company/affiliates will purchase the mortgage on your home/property once all parties have agreed upon a purchase price. The purchase price will usually be at or below their current market value.
3) Our company/affiliates will arrange a new mortgage loan for you. The new mortgage amount will be equal to or below the property’s current market value. The new mortgage will not be based on your FICO/credit score but on your income and employment. The new mortgage will also be at or below current interest rates.
Types of properties: residential, commercial, land and raw land
EXAMPLE OF NEW ESTIMATED MORTGAGE PAYMENT:
Current Mortgage:
Loan Amount Interest % Mthly. Payments
1st Loan $ 400,000 7.50 $ 2797.00
2nd Loan $ 100,000 9.00 $ 805.00
Total Loan $ 500,000 $ 3602.00
New Mortgage Estimates:
Current Market Value (CMV) / Broker Price Option (BPO): $ 300,000
New Mortgage:
Loan Amount Interest % Mthly. Payments
1 Loan $ 300,000 6.25* $ 1847.00
* Interest Rate = prime rate plus 3% - 30 year fixed - 3 yr. prepay penalty
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