“How can I lower my mortgage?” This is a question that thousands of homeowners are asking as interest rates are increasing, causing mortgage payments to skyrocket. Though many people fear they have no alternatives, there are several pre-foreclosure options. The key is acting in a timely way.

1. RE Acquisitions
Lower My Mortgage
“How can I lower my mortgage?” This is a question that thousands of homeowners are asking
as interest rates are increasing, causing mortgage payments to skyrocket. Though many people
fear they have no alternatives, there are several pre-foreclosure options. The key is acting in a
timely way.
By refinancing your home with new terms, you can
keep making payments and avoid foreclosure.
However, this is a process that should be
negotiated between a firm that employs both
licensed and bonded mortgage brokers and
attorneys and your lender. Homeowners should not represent themselves. In addition, the debt
negotiations firm can advise you about potential tax consequences, as well as any impact to
your credit rating.
“We want our clients to understand each step of the process before they sign the newly
negotiated contract. Though this is a good alternative to foreclosure, it is still a new contract,
and should be evaluated,” says a representative from RE Acquisitions, a debt negotiations firm
in Portland, Oregon.
It is easy to let the pressure of today’s economy build into a feeling of hopelessness. But before
you walk away from your house, contact a debt negotiations specialist like RE Acquisitions
(www.sellhomeowner.com) for help. You have options, don’t lose your house without exploring
all possible alternatives.
www.sellhomeowner.com