House Everything Mortgage Services, LLC is the mortgage affiliate of House Everything Realty Group, LLC.

When working with one of our Mortgage Consultants, you can take comfort in knowing that you are dealing with an experienced and knowledgeable professional who cares about you and your financial situation.

With literally hundreds of mortgage programs available today, it can be overwhelming figuring out which plan is right for you. That's where we come in! We will take the time to analyze your particular situation and propose the best offer to suit your mortgage needs.

Remember, your mortgage loan is only as good as your mortgage consultant.
So, WHY SETTLE FOR THE REST…
WHEN YOU'VE GOT THE BEST!
Foreclosure Bailout Mortgage

A Foreclosure Bailout Mortgage is basically a refinance mortgage loan based solely on the equity in the real property. A new mortgage is taken out, typically at a higher interest rate, to pay off the current mortgage(s) that's in default. In some cases, you may be able to pay off additional debts as part of a foreclosure bailout/refinance. If you have enough equity in your home this may be exactly what you need to get back on track. These bailout loans are not lease-back programs, you still maintain ownership of the property.

Through a Foreclosure Bailout, the existing delinquent mortgage is paid off and you begin again with a new mortgage loan. A foreclosure bailout loan is costly and carries a higher interest rate because the lender is taking a greater risk. However, when compared to the option of selling your home or loosing the home if foreclosure proceedings are completed, the higher interest rate associated with a bailout is usually the best alternative. There is no credit or income underwriting criteria to be met, most foreclosure bailout loans require at least 25% equity in the home. In other words, the property must have a Loan-To-Value (LTV) of 75% or lower to qualify and credit scores over 500.

While many potential borrowers do not fall into this category there is some that do and can benefit from the bailout programs. It can save homeowners from having their properties foreclosed upon by their lender. When taking a foreclosure bailout loan, you should consider paying the points to avoid the prepayment penalty. This will most likely allow you to refinance sooner for a more favorable interest rate as soon as you fix and maintain a good credit rating.

With a variety of loan programs and an established network of lenders behind us, we will find a loan, at a very competitive rate that best suits your needs. We offer conforming, non-conforming and government loan programs.

SO DON'T DELAY…CALL US TODAY @ 860-BUY-HOME (289-4663) Our professionals can help you carefully navigate through the confusing jargon and process of the mortgage industry, so you can quickly get a fresh start.
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