National Principal Reduction Center
WE CAN HELP YOU IF...
- You are upside down with your current Mortgage.
- You want to end foreclosure.
- You are frustrated working with your lender on a Loan Modification or Short Sale?
- You are behind in payments.
- You are just paying too much.
- You have no or bad credit.
The Principal Reduction Program is one of the best and newest secrets in the mortgage industry today and can be an opportunity for you to keep the home you love. You will eliminate negative equity and enjoy a new 30 year fixed rate loan based on the current market value of your home which, in turn, will reduce your monthly payments.
The Principal Reduction Program is designed to help you, the homeowner, with your current situation and will relieve you from the fear and stress if you are facing the possibility of losing your home. There are currently countless homeowners facing foreclosure and have been given absolutely no good options, until now.
This program can even help if you're not late on payments or not facing a foreclosure but are just tired of paying for something worth half the value. With the current economic crisis many homeowners owe more for their mortgage than what their home is currently worth. This program will erase that negative equity forever.
This is not a lease option program, a loan modification, or a short sale. You will never lose title or ownership of your home. Loan Modifications seemed to be the likely solution, but homeowners are finding this is only a temporary fix. Your lender only modifies your existing loan. You typically get a temporary interest reduction which would lower your monthly payments but in the end you still owe the same amount and all your negative equity. The Principal Reduction Program is a permanent solution.
The Principal Reduction Program is designed to help you, the homeowner, with your current situation and will relieve you from the fear and stress if you are facing the possibility of losing your home. There are currently countless homeowners facing foreclosure and have been given absolutely no good options, until now.
This program can even help if you're not late on payments or not facing a foreclosure but are just tired of paying for something worth half the value. With the current economic crisis many homeowners owe more for their mortgage than what their home is currently worth. This program will erase that negative equity forever.
This is not a lease option program, a loan modification, or a short sale. You will never lose title or ownership of your home. Loan Modifications seemed to be the likely solution, but homeowners are finding this is only a temporary fix. Your lender only modifies your existing loan. You typically get a temporary interest reduction which would lower your monthly payments but in the end you still owe the same amount and all your negative equity. The Principal Reduction Program is a permanent solution.
- Based on income and employment not your credit score.
- 90% Approval Rate
- Additional income accepted
- Investment properties accepted
- No negative impact on Credit
- Regardless of Notice of Default or Notice of Trustee Sale
- Does not depend on Credit Score
Principal Reduction Loan Headline News
AIG Reduces Principal Balance on Federal Reserve Bank of New York Revolving Credit Facility by ... - Yahoo Finance... payment of $3.95 billion represents the single largest cash payment AIG has made to the credit facility and is the largest reduction in the credit facility’s principal balance since AIG placed AIA Group ...
Mon, 23 Aug 2010 16:12:00 GMT
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FDIC Quarterly Banking Report: 'Reduced Loan-Loss Provisions Boost Earnings'; Commercial Banker ... - Seekingalpha.com
... reduction ... loan as far as it should, which in turn means reserves for the loan are not as big as they should be. It's not uncommon for a bank to do multiple extensions in the mode of working out a loan with ...
Wed, 01 Sep 2010 14:36:00 GMT
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Banks book higher profits, but loan troubles remain - Sacramento Bee
... loan portfolios are still shrinking, reflecting retrenchment by the industry as well as a lack of demand for loans, said Christopher Whalen, a principal at market ... A similar reduction in the projected costs ...
Wed, 01 Sep 2010 01:21:00 GMT
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Another Review of Originator Compensation Regs; Loan Programs That Don't Require an Appraisal ... - MortgageNewsDaily.com
A few members worried that reinvesting principal from agency debt ... contributing to the year-over-year improvement in quarterly earnings was a reduction in provisions for loan losses. FDIC REPORT The first social ...
Wed, 01 Sep 2010 22:42:00 GMT
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Redefault Rates on Loan Modifications Actually Improving, Says State Foreclosure Prevention ... - New York RealEstateRama
The redefault rate is even lower for loan modifications that had significant principal reduction of more than 10% of the principal balance. A comparison of modifications with principal reductions made in August and ...
Wed, 25 Aug 2010 19:30:00 GMT
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