Mortgage Consultation

Many Florida families will experience adverse financial conditions as the adjustable rate mortgages they took out two to five years ago re-set. The US Government is forecasting approximately 2,000,000.00 loans nationally will be experiencing interest rate increases during 2008. Some unfortunates may experience rate increases in excess of 3.00%.  This coupled with increased insurance and tax costs can render a home immediately unaffordable. The sad truth; most of these loan programs were designed to render higher commissions; not consumer protection characteristics.

If you have an adjustable rate mortgage and you are not sure of how the loan is structured you must call us today; DO NOT procrastinate on this issue!

The amount of initial rate increase, potential upcoming adjustments and the life of loan rate increase caps must be understood. HT Schoem will evaluate your current loan. Hopefully we find that you will be fine and in a position to weather the up coming changes to your loan. Sadly we know that many will have to refinance or face possible foreclosure proceedings. Upcoming adjustable rate increases have the potential to push payments levels beyond ones ability to make the scheduled payments. HT Schoem is here to help if we can. We search all bank and Federal Government programs in an effort of finding a secure refinancing option.

Refinance viability depends much on the current market value vs. amount currently owed to the lender. There is the chance for increased downward pressures on real estate values; especially in Florida where value increases soared during the boom. If you wait to long to act; you may find it’s too late. Be prepared, be informed; call us for a loan check up today!

HT Schoem Mortgage also specializes in sensitive refinance scenarios; those that come with life events such as divorce, estate settlement or legal issues. It is critical to align your professional organization with a mortgage services company that is empathetic to your client’s emotional state of being. HT Schoem Mortgage will always represent you appropriately; dignity and respect being paramount considerations as we guide your client through the required financing action plan.