Stop Foreclosure BC
BC Stop Foreclosure Mortgage Financing. Foreclosed homes can have mortgage reinstate up to 70% of your homes value in major centers. Refinance or reinstate your homes foreclosure using home equity.
Is your mortgage behind on payments? Have you been issued a demand letter or are you in a redemption period? I can Help! Let me explain your situation to you in plain English and provide mortgage refinancing options that might be right for you.
Clients facing these difficult times are usually confused with the Foreclosure Process in BC. Furthermore, you are often left with few Refinancing options and tend to avoid doing anything to Stop Mortgage Foreclosure. This is the wrong thing to do. If you are seeking foreclosure financing, we have many lenders able to HELP.
What Options Do You Have to Stop Foreclosure? Acting Fast Keeps the Best Options Open
Options are few at this point and fast action is imperative to keep your best options viable. If you take action immediately your 1st Mortgage holder may allow you to bring that mortgage up to date. This is achieved by way of applying for a 2nd Mortgage which I can help you do promptly. This option is usually your cheapest option because a 2nd Mortgage is more cost effective than Refinancing your 1st Mortgage. By bringing your 1st mortgage current with a 2nd mortgage we essential stop foreclosure in its tracks. Allow your licenced BC & Alberta Mortgage Broker to negotiate on your behalf.
What To Do If Your 1st Mortgage Will Not Reinstate Their Mortgage
If your 1st Mortgage Lender will not permit you to bring them up-to-date a 1st Mortgage through a Private Mortgage Lender is your other option. To be qualified for this you will be required to fill out a mortgage application. At this point I will set you up with one of our private mortgage lender that finances client to stop foreclosure.
All though refinancing a mortgage out of Foreclosure is costly the alternative sometimes may be even more costly. Keep in mind that refinancing you mortgage to stop foreclosure should be used as a short term solution. You can successfully get back on track usually with in a year if your credit or income situation improves. At that point I should be able to present your application to a conventional lender that may offer you a lower interest rate.
If you think a Foreclosure Mortgage may solve your financial needs please feel free to call to find out about Foreclosure Mortgage Rates in BC Canada.
Please take this opportunity to go to Equifax and order a copy of your credit.
Learn Tips Here On How To Improve Your Credit Score
If you live in or near major Cities and Towns in British Columbia like Vancouver, Kelowna, Cranbrook Kamloops, Penticton, Salmon Arm, Prince George, Campbell River, Courtenay, Nanaimo or the Greater Victoria area Mortgage Lenders are more willing to lend because of the high population with in the city or town as you go further out in to more rural areas the pool of Mortgage Investors diminishes. To find out if your property qualifies call your Vancouver BC Mortgage Broker.