Federal Government Housing Bill
The newest Federal Government Housing Bill signed by President Bush was written to save both the homes and credit of many Americans. As of October 1, 2008, you may be eligible to lower your total mortgage if you purchased your home prior to January 1, 2008.
Example;
If a home was purchased for $500,000 with a $400,000 loan, that loan can be rewritten for to 90% of that same home’s current market value. In the event that current value is only $300,000, the new 90% loan would be $270,000. The new financing would lower the monthly payments over $800 assuming the same interest rate.
Home owners in this position have an opportunity to replace their previous adjustable rate mortgage with a fixed rate loan at today’s low interest rates. We can get prepayment penalties waived and remove your second mortgage if you are carrying one. Their new lowered monthly overhead could save both home and credit.
Please accept a free consultation and my help getting your piece of the “Government Bail Out”.
Shirley Brass
Windermere Prestige Properties
2200 Paseo Verde Parkway STE 160
Henderson, NV 89052
702-592-8207
** Over Ten years of Real Estate experience working for you**
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