The Orange County Mortgage Blog

You've no doubt heard or seen the headlines about adjustable rates loans and the fact that up to 2 million homes could be going into foreclosure, and millions more will be impacted by payment recasting - between now and the next 18 months.  I'm concerned about those homeowners with a mortgage like the type described above. According to  a recent poll, 1 out of 3 homeowners have no idea what type of adjustable loan they have. Normally, under better market conditions that might be okay. But with the current market conditions and daily loan underwriting guideline changes, it's imperative you and or your client know exactly what kind of loan you have. Even more importantly, when and if that loan will Recast with devastating payment increases!

I've set aside time on my calendar over the next two weeks to offer a Free Mortgage Analysis and Review.  Their may be nothing to be concerned about. But if there is a risk that your (or you clients) mortgage payment could suddenly rise (and sharply), you should be prepared and have the information you need to make an informed decision. Reviewing your home loan now, will give you the time you need to avoid an unexpected payment recasting and possibly avoid other more serious financial challenges in the near future. Call me today toll free at (800) 564-1500 for your Free Mortgage Review.