POOR CREDIT? Mortgage programs for blemished credit (Non-Reverse Mortgage Info)

BLEMISHED CREDIT
Has your credit rating dropped? Whatever the reason: Bankruptcy, Foreclosure, Repossessions, Late Mortgage Payments, Late Credit Card Payments, Charge Offs, or all of the above, you may be able to qualify for a mortgage.  Depending on your credit history and equity in your home (if refinancing), it is possible to find a loan that's right for you.

ONE MORTGAGE INSTEAD OF TWO
You can use the equity in your home to consolidate your current mortgages into one single mortgage payment rather than a first mortgage and an equity loan. You might want to take a portion of the money you'll be saving each month and invest it either into your current mortgage (pay it off faster) or establish a savings fund.

REFINANCE TO CONSOLIDATE DEBT
You can consolidate debts by refinancing your home as long as there is sufficient equity. Perhaps you would like to reduce the term of your mortgage from 30 years to 15 or 20 years. You may be able to reduce your monthly payments dramatically with various mortgage programs.

Debt consolidation can provide you with a practical financial plan if you already own a home.  In contrast, credit cards charge you daily compounded interest and can range from 9% to 24% so you can actually be paying up to three times more interest on credit cards.  Start saving money instantly by refinancing and consolidating all of your debts into one low payment.  Again, you can put the savings toward paying down your mortgage.

BUYING A HOME - THE CHALLENGE
Buying a home can be an exciting time.
Are you looking to be pre-qualified for a new home? Sellers want to know you can afford to buy their home. Being pre-qualified is a plus. It helps your realtor when presenting information to the seller. Your mortgage specialist can help. All information will be kept confidential. For more

Don't rush into buying a home. Consider how will you pay for it. While it's true that renting is a waste of money that can be applied to owing a home, getting in too deep too soon is not a good idea. You must qualify with income and credit, and you must be able to afford monthly mortgage payments. For info from HUD on buying a home, click here.

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KATHIE ADLER - Senior Reverse Mortgage Specialist
Over 12 years Reverse Mortgage Experience
Mortgage Loan Originator -New York - New Jersey - NMLS 65780
Call Kathie: 1-888-843-9797 - Cell: 631-804-9044
Advisors Mortgage Group, LLC
1045 Route 109, Suite 104, Lindenhurst, New York 11757
  www.ReverseMortgageLI.com www.AdvisorsMortgage.com
Reverse Mortgage New York, Reverse Mortgage Jersey
NJ Reverse Mortgage - Answering Your Questions!!

Understanding Reverse Mortgages is possible!  Reverse Mortgage Helpline provides information about Reverse Mortgages... Free Reverse Mortgage seminars and in home consultations help provide senior homeowners with factual information about possible retirement or the financial benefits of a Reverse Mortgage. Reverse Mortgages are sometimes called senior mortgages for senior citizens. Advisors Mortgage Group, LLC is a Multi-State Mortgage Banker with Headquarters located in Central New Jersey with offices throughout the US.  Headquarters: 1411 Highway 35, Ocean, NJ 07712. New York Mortgage Broker License: 206697.  Licensed by the N.J. Department of Banking and Insurance.  Licensed Lender and Secondary Mortgage Lender no. 631155.  (FHA License #1548300002). Advisors Mortgage NMLS 33041, Licensed Mortgage Banker-NYS Department of Financial Services, Registered Mortgage Broker-NYS Department of Financial Services. Kathleen Adler, Mortgage Originator, NMLS Identifier 65780. Website designed and maintained by Adler Web Design Copyright 2008 - All Rights Reserved. Note: Website authorization by New York State Dept. of Financial Services is pending. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.