Abacus Commercial Lending
Mortgage News
Get Into A Home Of Your Own

Even if you have limited savings, our low-down-payment programs can help you become a homeowner.

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Refinance Mortgage Rates Are Low!

Quick! While mortgage rates are low. NOW is the time to look into refinancing your home.

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FASB Ruling Hits the Mark

- Bonnie Raitt. Better believe that last week's news gave us plenty to talk about.and even a few things to smile about. Here are the highlights.
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The Truth About Mortgage
  • Obama Urges Americans to Refinance Mortgages
  • Mortgage Rates Rise Off Record Lows
  • Wells Fargo Mortgage Business Drives First Quarter Earnings Record
  • Bank of America Refinancing Under Making Home Affordable Program
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2009 FHA Temporary Loan Limits -
Provided by the American Recovery and Reinvestment Act

On Feb. 17, 2009, the President signed a new stimulus bill - called the American Recovery and Reinvestment Act of 2009 - into law.

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Obama's Refinancing Plan Could Repair an Ailing Market


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IMPORTANT COMMERCIAL LOAN UPDATE!
- EFFECTIVE MARCH 1, 2009.

On February 6th, 2009 FNMA announced their plan to allow up to 10 financed properties per borrower again.
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Dec. 31 (Bloomberg) -- U.S. mortgage rates dropped.

-- U.S. mortgage rates dropped to the lowest in more than three decades as the government stepped up efforts to revive the housing market.
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Treasury to Reduce Interest Rates on
Some New Loans to 4.5%


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Jumbo mortgages became more expensive and harder to come by as the nation's credit crisis deepened. That might be starting to change.
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Commercial real estate prices continued falling


Reverse Mortgages
Home Financing Information
Reverse Mortgage is a unique loan that enables senior homeowners to convert part of the equity in their homes into income without having to sell the home, give up title, or take on new monthly payments.
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Links

Please visit these links to become more aware of the current mortgage process:

www./ml-implode.com
www.thetruthaboutmortgage.com

Loan Modification

Can't Refinance due to the Mortgage Meltdown?


No Equity? Primary Residencies OK
Low Scores? Second Homes OK
Late Payments Investment OK
Owe more on the House then what it is worth? Commercial OK

  • Unmatched customer service 24/7 support
  • Noappraisal, title, or credit report necessary
  • We lower your interest rate and monthly mortgage payment
  • We have a 90% success rate in completing your loan modification
  • Over 30 years of mortgage experience for our mitigatoors as well as attorney backed

We provide a money back guarantee on all loan modification and forbearances if we cannot provide an offer.

A Loan Modification is the most effective thing you can do if you are behind on your mortgage and in midst of financial hardship to save your home from entering foreclosure. With a loan modification, the mortgage loan is restructured so that it is affordable and can fit comfortably into your budget. Please fill out our electronic form to prequalify.

Click here for detailed information about the Loan Modification Timeline.

If you have any questions about the loan modification process,
please contact me at 239-313-5815.

Thank you very much.

Best regards,
Tony Willoughby


Mortgage Troubles

What are my Options?:
1. Forbearance Agreement:
  1. Repayment Plan
3. Short Sale:
  1. Property "MUST" be listed on MLS 90 days or more
  2. Principle Reduction / Debt Forgiveness
  3. Low Success Rate (need a sale)
2. Loan Modification:
  1. Restructure Existing Loan with Existing Lender
  2. "ARM" to Fixed Rate Loan
  3. Extended Amortization Schedule
  4. Possibility of Principle Reduction
4. Deed in Lieu of Foreclosure:
  1. Exchange Deed with the Bank for Debt Satisfaction in Full
  2. Elimination of "Short-Fall" Deficiency Judgment
  3. Difficult to Arrange when there are two ([2] mortgages 1st and 2nd) with [2] different Banks
Apply here for Loan Modification
Name Client 1:
Name Client 2:
Address:
City:
State:
Zip:
Subject Property:
Primary Home:
Yes No
Home: Phone
Cell Phone:
Email:
Estimated Property Value:
1. Mortgage
Bank:
ARM or Fixed:
Date adjusts:
Mortgage Payments:
Property Taxes:
Hazard Insurance:
HOA Fees:
Rate in %:
Balance:
Interests only:
Yes No
Month Behind:
NOD:
Yes No
Auction:
Yes No
Auction Date:
2. Mortgage
Bank:
Loan Type:
Mortgage Payments:
Housing Information
Date purchased:
Currently on market:
Yes No
Rate in %:
Balance:
Month Behind:
Housing
Cash-Out Refinance:
Yes No
Mod or deferment started:
Yes No
Hardship Reason
Broker/Agent Contact Information
Client's Name:
Client's Employer:
Co-Client's Name:
Co-Client's Employer:
Daytime Phone:
Evening Phone:
Number of Dependents:
Property Address:
City:
State:
Zip:
Mailing Address(If different):
City:
State:
Zip:
Monthly Income
Client's monthly NET income:
Client's other Income:
Co-Client's monthly NET income:
Co-Client's other Income:
Monthly Expenses
Mortgage Payment:
Child Care:
Alimony/Child Support:
Telephone:
Cell Phone/Pager:
Electricity:
Trash/Sewer:
Food:
Water:
Auto Insurance:
Transportation/Gas:
Life Insurance:
Cable/Satellite
Clothing:
Prescription:
Personal Entertainment:
Monthly Payments
2nd Mortgage:
Other Mortgages:
Rent Paid:
Doctor Bills:
Hospital Bills:
1st Auto Loan Payment:
2nd Auto Loan Payment:
*Homeowner Insurance:
*Property Taxes:
*If not included in Mortgage Payment
Balance Owed
Other Monthly Expenses (Example: Credit Cards, Department Store Cards, IRS Lien)
Paid to:                                Balance:
Total Credit Debt:
Total Installment Debt:
Total Personal Loans:
More Other Expenses
Monthly Payment
c

Agreement
By checking the agreement box, I/We authorize Abacus Commercial Lending to obtain a Credit Profile through a Credit Bureau if necessary. The undersigned, jointly and severally, represent and warrant to Abacus Commercial Lending that the information submitted in this personal financial statement, questionnaire and financial statement scheduled is true, correct and complete in all material respects. The information and documentation provided does not omit any material fact or matter that makes the information or documentation presented misleading.

"You, the owner, may cancel this transaction at any time prior to midnight of the third business day after the date of this transaction. See the attached notice of cancellation form for an explanation of this right".