American Equity Mortgage | Home Loans, Refinancing

I have a client that is in financial trouble, and real late on his mortgage and the bank is talking to them to try and work something out, but the bank is still proceeding with the  forclosure process, my question is  ????? I heard that there are companies or people out there that can negoticate with the mortgage company and buy the mortgage at a cheaper amount that is due, and then they resell it to the homeowner that owned it before, and they add a profit to the price for there trouble. If anyone knows of a name and phone number for me to contact, please, please give it to me.

Individuals that are facing financial difficulties are often being told to make the consolidation of their credit cards into one because having multiple cards is the main source of their problems.
Credit cart consolidation means collecting all your card debts together and putting it into one account with one payment per month.
There are various methods to make the consolidation of credit cards but there is no one universal method that would work for everybody as different people have different financial standings. The information of this article is intended to help you to choose the right method for your situation.
Consolidation of Credit Cards – Taking A Loan
Obtaining a loan for making the consolidation of your cards might be very good option which can help to preserve your credit rating but it will give you benefits only if a new rate is lower or equal to the existing rates on your cards.
If you have the opportunity to secure your house against the loan then you are likely to get a lower interest rate by taking a secured loan but be beware of prolongation of the term toomuch and be sure that making the payment is affordable for you as your home is at risk in case you won’t be able to handle with these payments.
After consolidation of your credit cards into one with a loan, make sure that you won’t use them again as it can lead to even worse financial standing.
Consolidation of Credit Cards – Debt Solution
One of the generally accepted way to consolidate cards is to approach a company that specializes in this question and can give you some advice on how to reduce your debt. As a rule they can offer two options – debt settlement and debt management.
For individuals who have a stable income, this is the best solution to consolidate credit cards into one that requires no loans and helps to avoid bankruptcy. They will allow you to have one payment per month that will be affordable for you and they will also negotiate with the creditors to make an arrangement and in some cases it’s possible to get the interest frozen or even some of the debt can be written off.
Debt Solution- Bankruptcy
Only in case you have used up all other methods, should you pay attention to this option. If you have large amount of debt and you don’t have or have very little amount of monthly disposable income, this might be the only option to clear off your debt.

My customer wants to refinace two of his investment properties.  His mid score is 521 but his doesn’t have any lates on anything within the last 5 years he just has a lot of credit.   The value of one property is $21,000 and the other is $26,000.   He doesn’t care about cash out as much as he cares about lowering the interest rate, hopefully 10% or lower.   He also wants to purchase another investment property with 100% financing.  I don’t think that is possible but you never know.  He makes $10,000 a month.  He has a total of 4 properties including his primary.  Thank you in advance if anyone out there can help me.  By the way, I am looking for an LTV between 75%-85% if possible.

I have a customer that wants to refinace his two rental properties with and interest rate lower than 10%   Now here is the catch…  ONe property is valued at $21000 and the other at $26,000.  His credit score is 521 but he has no lates within the last 5 years, He just has a “lot” of credit.  This is a full doc and he makes $10,000 a month. He currently has in total 4 properties, 1 primary and 3 rentals.  He also is thinking of purchasing another investment property but he only wants to put no more than 10% down.  This property is valued at $40,000.  If anyone has the solutions please Help Me