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Mortgage Payoff.
You are behind in your payments.
You owe too much in arrears to become current. No one wants to refinance
your present loan. You don’t want to sell. What do you do now??
Under certain circumstances, we can purchase your mortgage. If
you have 20% or greater equity in your property, then you may qualify
for this program. The payoff is based upon the equity in your property
and not your own credit worthiness. Please understand that the interest
rate for this payoff is typically high, between 16 and 18%. What
happens next is up to you. You will have time to repair your credit
and then refinance at more favorable terms.
Please fill out the Authorization to Release
Information form and fax it to (954) 321-3299 so we may begin
this process with your current lender. Make sure to include your loan
number.
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