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| James & Hayward |
FOR THE BEST SOLUTIONS FOR HOME FINANCING,
PLEASE VISIT WWW.CSFINANCIAL.COM or CALL
MARK WETTON AT 310 456-0707
Rates, points, APR’s and programs are subject to change at
any time until locked-in.
CS Financial is licensed by the Dept. of Real Estate. Lic. I.D.
#01257559. DRE Info. (916) 227-0931
PLEASE VISIT WWW.CSFINANCIAL.COM or CALL
MARK WETTON AT 310 456-0707
Rates, points, APR’s and programs are subject to change at
any time until locked-in.
CS Financial is licensed by the Dept. of Real Estate. Lic. I.D.
#01257559. DRE Info. (916) 227-0931
WHY INTEREST
ONLY PAYMENTS
Increased
purchasing power
• Buyers qualify for
15% to 20%
more home
Lower monthly
payments
• Payments on
interest-only ARMs
are up to 50% lower
than 30 year fixed loans
Greater cash flow
• Use savings for
invest-
ment or to pay off debt
Who benefits:
• Professionals early in
their careers
• Borrowers with
commission/bonus
income
• Investors seeking
better & more liquid
investments
• Buyers in high-priced
markets
• Borrowers who want
to reduce
high-rate debt
ONLY PAYMENTS
Increased
purchasing power
• Buyers qualify for
15% to 20%
more home
Lower monthly
payments
• Payments on
interest-only ARMs
are up to 50% lower
than 30 year fixed loans
Greater cash flow
• Use savings for
invest-
ment or to pay off debt
Who benefits:
• Professionals early in
their careers
• Borrowers with
commission/bonus
income
• Investors seeking
better & more liquid
investments
• Buyers in high-priced
markets
• Borrowers who want
to reduce
high-rate debt
Mortgage Workout Programs for Homeowners
The following information is intended for REALTORS® and
homeowners seeking information on existing mortgage workout
programs. In general, the loan modification programs on the
chart (see link below) and consumer information sheets (see links below) are intended
for primary residences only.
For an informational chart on existing mortgage workout programs, click here. The
chart is a compilation of programs offered by the larger lenders and government
entities. If a specific lender or loan servicer is not on the chart, homeowners may wish to
contact the lender or loan servicer to determine if a workout program is available.
For consumer information sheets containing detailed information on specific programs
that REALTORS® can share with their clients, please click on the appropriate link below.
. Federal Government Loan Modification (Participants include: Fannie Mae, Freddie
Mac, Federal Home Loan Banks, Hope Now participants, Department of the Treasury,
Federal Housing Administration and the Federal Housing Finance Agency, and Wells
Fargo.)
Mortgage loan modifications typically are handled on a case-by-case basis.
Homeowners having difficulty meeting their mortgage obligation or interested in finding
out more about a loan modification program should start by contacting their lender. Prior
to calling a lender or loan servicer, homeowners should have the following information
available:
. Loan number
. Income information and documentation
. Most recent mortgage statement
. Bank statements
. Letter demonstrating financial hardship
The following information is intended for REALTORS® and
homeowners seeking information on existing mortgage workout
programs. In general, the loan modification programs on the
chart (see link below) and consumer information sheets (see links below) are intended
for primary residences only.
For an informational chart on existing mortgage workout programs, click here. The
chart is a compilation of programs offered by the larger lenders and government
entities. If a specific lender or loan servicer is not on the chart, homeowners may wish to
contact the lender or loan servicer to determine if a workout program is available.
For consumer information sheets containing detailed information on specific programs
that REALTORS® can share with their clients, please click on the appropriate link below.
- HOPE For Homeowners (H4H)
- Countrywide Financial (Bank of America)
- Citigroup, CitiMortgage
- JP Morgan Chase & Co.
- IndyMac Federal Bank, FDIC
. Federal Government Loan Modification (Participants include: Fannie Mae, Freddie
Mac, Federal Home Loan Banks, Hope Now participants, Department of the Treasury,
Federal Housing Administration and the Federal Housing Finance Agency, and Wells
Fargo.)
Mortgage loan modifications typically are handled on a case-by-case basis.
Homeowners having difficulty meeting their mortgage obligation or interested in finding
out more about a loan modification program should start by contacting their lender. Prior
to calling a lender or loan servicer, homeowners should have the following information
available:
. Loan number
. Income information and documentation
. Most recent mortgage statement
. Bank statements
. Letter demonstrating financial hardship
| KIMBERLY JAMES & BRENDA HAYWARD 310.589.1201 310.457.6550 YourMalibuRealtors@yahoo.com |
Your Malibu Realtors