Mortgage Company Stops Foreclosure And Saves Family Home

“A bank is a place that will lend you money, if you can prove that you don’t need it,” Bob Hope once quipped.

But if you going through a bad financial spell, you need an institution that will stand by you.

Our office received a call early one morning from a man desperate to save his home and needed foreclosure help. He was already 90 days late on his mortgage and desperately needed to refinance and pull out money to pay off enormous debts. He had just started a new job where he actually was making less money than before, and was in a real financial bind. His poor credit made it difficult for him to even qualify for a loan, let alone a low interest rate. To make matters worse, the next day he received a notice of default on his property. This man was worried that his family would have no place to live. He was reassured that we would save his home and help him through this difficult ordeal.

We began immediately researching ways to help this client and found a lender willing to work with him and save his home just in the nick of time. His mortgage payment stayed about the same and he was able to pay off more than $25,000 in other debts, which alleviated several hundred dollars in credit card payments every month. Most importantly, this man's house was saved and his family was in a much stronger financial position.

Banks tend to make loans that are risk-free to them. It is hard to imagine that any bank would have helped in this situation. But as a nationwide mortgage banker we have ongoing relationships with lenders that specialise in different types of loans. This knowledge saved a family home from certain foreclosure.

www.goldmedalmortgage5.com is a nationwide home mortgage loan company, powered by Infiniti Mortgage Capital.

About the Author
Camelot Marketing provides services to small to mid-range companies.

Obtaining a Mortgage On-line

A mortgage for first time home buyers or people who are looking
to refinance their homes has become much easier in later years'
thanks to the internet and the ability to obtain a mortgage
on-line.

Of course there is your local bank, where you can go, walk in,
sit down with the branch manager, and have him set up an
appointment with the banks mortgage representative.

That's all fine, but not everybody has time for that. So they
resort to the internet, which isn't such a bad idea considering
that there are literally thousands of lenders looking for your
business across the country and using the internet as a tool to
get it.

Using the internet for obtaining a mortgage on-line has its
benefits because it gives you the opportunity to shop lenders
and rates.

By filling out a simple on-line form with limited information,
you will be putting lenders at your service within twenty-four
hours of your submission.

The mortgage industry is a very competitive one, so these
lenders will be fighting for your business, forcing them to
offer you the lowest rates possible. You can than base your
decision on the one that is most ideal for you, and most of all,
the one that best meets your budget.

Also, if your situation is unique or special, such as having bad
credit, no money to put down, or your looking for a specific
program such as interest only, the internet is perhaps the best
resource for you to find what you need.

About the author:


Jennifer Hershey has more than twenty years of experience in the
Mortgage Industry as a loan officer. She is the owner of
http://www.explainingmortgages.com/, a mortgage resource site
devoted to making mortgage terms and products easy to
understand.