Home Loan Rate Reduction

Is your house payment unbearable, or about to adjust? Don’t know where to turn?

If you're like most people in this current environment, you're probably paralyzed not knowing what to do or where to turn for answers. If you live in California, you've probably noticed that home prices are taking a beating even in high-end areas like Newport Beach, Del Mar and La Jolla. All counties in Southern California are down by 30%-40%. Inland areas of Southern California counties such as San Diego, San Bernardino, Riverside and Orange are seeing values drop by 50% or more.
For specific info on your city, go to the DataQuick website.

We've been in the real estate business long enough to know that this same kind of downturn has taken place in the past. Remember 18% Interest Rates in early 1980's? The S&L Crisis of the mid-1980's and Government Bailout; the RTC: Resolution Trust Corp? The end of the Cold War and the 50% drop in values we saw during the late 1980's into the early 1990's? Do you remember what happened later in the 1990's? The market recovered nicely. The Southern California market always recovers and continues to rise over time. Ask anyone who has been in a successful California real estate business for 20 years or more. The same thing happens in Arizona, Florida and other desirable sunbelt areas.

Why are we telling you how great these states are? So that you save your home! One major difference between past real estate recessions and the current is that the U.S. government is now offering significant help for homeowners. Today's federal legislation now supports modification for home loans and home protection in cases of bankruptcy. The Federal Reserve and U.S. Treasury are also driving down mortgage interest rates, but this is not an option for most people who lost value in their home.

The best and first option is home loan rate reduction ( Loan Modification )

This should be your first option whether you have missed a payment, are in the foreclosure process, or are simply having difficulty making your payments. This option applies to primary residences and investment property, for all mortgages on the property (1st, 2nd, Equity Line of Credit, etc.). It can be done for property in any of the 50 states. It may also include a reduction in the principal balance of your mortgage if your property value has fallen significantly.