Concerned About Your Mortgage? - "We've Got The Answer!"

The mortgage market has experienced historic activity-activity that has everyone from clients to television pundits up in arms and completely confused. There is no doubt that what we are experiencing today is unprecedented in real estate and mortgage lending.

In the past few weeks alone, over $2 trillion was lost in global markets, and I don’t think we are anywhere near the worst of it yet. We are seeing signs that what’s taking place here in the United States - is starting to impact other countries as well. Within the global economy other countries are dealing with their own subprime issues and other financial companies in these countries have invested in our mortgage-backed securities as well.

It’s estimated that in the next 12-18 months, over 2 million people will be faced with their Adjustable Rate Mortgages resetting, resulting in an increase in their minimum payments of anywhere from 30-100%. While this one action will not push people over the top, what it does do is add additional strain to an already over-leveraged consumer. Add in any life events – such as injury, loss of job, or increasing payments due to rising interest rates in the consumer arena – and you have a recipe for financial disaster or foreclosure.

However, the news isn’t all bad and there are future possibilities. Instead of focusing on what the media is harping on each day, think about the fact that subprime only accounted for a little over 12% of mortgage production last year. Therefore, keep your head up.

We specialize in helping consumers with nontraditional mortgage loans, adjustable rate mortgages, and subprime loans refinance into fixed rate mortgage loans before financial disaster of foreclosure becomes a reality. Pick up the phone and call 1-888-844-7393 today.