Mortgage Debt Elimination
Learn How To Easily And Quickly Eliminate Your Home Mortgage in 5 to 7 years!
Mortgage debt elimination, negotiating debt reduction and government debt relief programs. Make a plan to be debt free! Learn how to easily and quickly pay down mortgage debt in 5 to 7 years!
Secured debts usually are tied to an asset, like your house for a mortgage. If you stop making payments, lenders can foreclose on your house.
Mortgage debt elimination shows you how unsecured debts are not tied to any asset, and include most credit card debts, bills for medical care, signature loans, and debts for other types of services.
If you fall behind on your mortgage, you must contact your lender immediately to avoid foreclosure, don't wait 2 or 3 months.
Negotiating debt reduction most lenders are willing to work with you if they believe you're acting in good faith and the situation is temporary, please tell the truth.
Some lenders may reduce or suspend your payments for a short time, mortgage debt elimination shows you that when you resume regular payments, you will only have to pay an small additional amount toward the past due total.
Other lenders may agree to change the terms of the mortgage by extending the repayment period to reduce the monthly debts.
Ask whether additional fees would be assessed for these changes, and calculate how much they total in the long term.
If you and your lender cannot work out a plan, contact a housing counseling agency. Some agencies limit their debt counsel services to homeowners with FHA mortgages, but many offer free mortgage debt advice and debt counseling to any homeowner who's having trouble making mortgage payments.
Call the local office of the Department of Housing and Urban Development or the housing authority in your state, city, or county for help in finding a legitimate housing counseling agency near you.
Mortgage Debt Elimination 101!
The prospect of debt elimination is something that many Americans are dealing with today. If you are concerned about your current financial situation, constantly trying to eliminate debts from your life, you are not alone.
In fact, over half of all American households have trouble meeting their minimum monthly obligations, driving them further and further into financial trouble.
Interest on the average home mortgage will cost the homeowner nearly TWO TIMES the cost of the home.
If you were to purchase a $150,000 home with a $120,000 mortgage (80%), and you paid an interest rate of 9% for 30 years, you will have paid over $227,500 just in interest (in addition to the original $120,000). That's nearly two times the cost of the home!
You can visit the Better Business Bureau's website www.BBB.org and find reports on hundreds of companies.
Starting Today, you will have the knowledge and power in your hands to easily change your life financially!
NOW! Just imagine what you will feel like, when you wake up one morning and absolutely know that all of your debts have been eliminated.
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