If your income drops suddenly a little creative thinking can help you keep your house. Many couples qualify for a loan on the basis of two incomes if one of them experience as a financial setback, the house payment may be larger than the other one can handle alone. In a situation like this it may be useful to extend the maturity of your lawn in order to lower your monthly mortgage payments. If you will step back he’s temporary,…
Banas Celebrates 10,000!
We are so excited to announce John and Rosella McNeil as our 10,000th clients! Thank you to the McNeils for choosing to work with Banas Mortgage Co. not once, not twice, but five times! We have enjoyed helping you finance your most recent investment property as much as we did the first time you walked in our doors. Paul Banas and the rest of Banas Mortgage Co. looks forward to seeing the McNeil’s future investments and success Paul Banas…
Ask Paul Avoiding Foreclosure
Smart financial moves can help you offset unexpected drops in your income that could result in the loss of your home. When your income drops, selling your home is one option to consider, this may not be a viable alternative, however, if the real estate market is soft. Contact a mortgage broker to help you negotiate with your lender. If the lender still owns the mortgage, they may be able to help you keep your home. Discuss the possibility of…
