Principal Reductions
(Florida)
Do you owe more than your property is worth?
We will purchase your note from the lender at a discounted price and our investors will re-structure the terms of your note to the current market price of your property.
NO MATTER .... if you are late on your mortgage, have low credit scores, recently out of bankruptcy, or foreclosure.
In the event your lender does not want to sell the note we may be able to do a short-refi and still obtain the principal reduction or even a standard loan modification.
Say NO! to loan modifications...
many lenders are taking the easy route by offering a
loan modification, good for them!
What about you? by signing a loan modification you
agree to still OWE MORE THAN WHAT YOUR
PROPERTY IS WORTH!
What did you resolved with that? NOTHING...
you will be paying the debt for life.
Our team has partnered with a multi-million dollar
investors and we are ready to assist you with a
Principal Reduction Program. Have you been waiting
for this? then give us a call so we can help you.
This program is created for the homeowners that wants to keep their primary, second home or investment property, and their properties are "up-side down" (owed more than what is worth) also know as negative equity. However, they are current in their mortgage.
How this works:
• We use the buying power of a multi-million dollar private investors to buy notes from the lender, at or below the current market value.
• Property must be 125% LTV on first mortgage.
• Once we obtain the note, we will refinance the note back to the client at 100% of the current market value.
• Our same investor that purchased the note will extend new terms
• A general rule of thumb: If the customer has no more than a 45% DTI (calculated based on new mortgage payment), then we can reduce their principal mortgage.
• Property value must be at least 25% up-side down
What is the process?• After we received your package, we will pre-qualify your file
• After getting the pre-approval from our investors we will submit the proposal to buy your note from your lender/investor
• After confirmation and final negotiations with your lender/investor, our investor will restructure the note reducing the principal to the current market value of your property, and offer you new terms of payment (based on 25 years amortization and 10 years balloon). Guaranteed your new monthly payment will be lower than before!
• A Real Estate Attorney (from your State) representing our investor will be contacted to finalize the transaction.
What if the lender does not want to sell the note?
We will pursue getting any type of help, and this may be:
• Principal Reduction via Loan Modification
• Short-Refi
• Loan Modification
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Sustainable, Affordable Homeownership
American Eagle Credit LLC
Think you can't get loan approval ??????
Has your credit fallen in these economic times?
Let us show you what we can do to change that.
Call 941-408-8277 and ask for our credit consultant.
Homeowners, are you having trouble paying your mortgage?
We have multiple programs available to you, APPLY TODAY to find out if you are eligible for one of our FHA loan programs.
EAGLE MORTGAGE COMPANY of Venice understands the challenges many homeowners are facing. Whether you simply owe more than your homes value and have been unable to refinance, possibly facing foreclosure or currently in foreclosure, we're here to help.
As a Correspondent Mortgage Lender we have the authority of the Federal Housing Administration (FHA) to assist in the lending of three-hundred billion dollars to help homeowners who are currently facing these challenges. Our corporate office is located in Venice, Florida and specializes in providing Residential loans. We have FHA, VA government backed loans as well as access to over one-hundred of private and national investors.
Our mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. So we make a commitment to you. We will help you qualify, apply and be approved for the best FHA loan program available.
