Principal Reduction Programs

Principal Reduction Program

Florida Principal Reduction Program

You Gain 10% Instant Equity,
and "Eliminate" Negative Equity

Once your mortgage has been through our Principal Reduction Program, your property will be refinanced. Qualified buyers will be offered a new conventional loan at the new refinanced amount.

If you do not qualify for the Conventional Loan due to damaged credit or for any other reason you will be offered a loan through our private partners. The following terms will apply:

a. 30 year fixed rate
b. Prime + 4%

What's in it for you?

Case study of our principal reduction program

Current Mortgage:

Loan Amount

Interest Rate

Monthly Payments

1st Loan $150,000

7.5 %

$ 1,048.82

2nd Loan $ 50,000

9.0 %

$ 449.86

Total Loan $200,000

$ 1,498.68+ T/I

New Mortgage Estimates:

Current Market Value (CMV) / Broker Price Option (BPO): $100,000

Loan Amount

Interest Rate

Monthly Payments

Loan $90,000 (90% CMV)

7.25 %

$ 613.96 + T/I

Instant monthly savings = $884.72 Eliminate $110,000 of NEGATIVE EQUITY! You Gain 10% Instant Equity

OLD mortgage payment

Homeowner Save

$ 1,498.68+T/I / month

$ 884.72 month

NEW mortgage payment

That's

$ 613.96 + T/I / month*

$ 10,616.64 / year

*BASED ON 7.25 % INTEREST (APR 7.431%)

Mortgage Principal Reduction News

Mortgage Principal Reductions Would Cost Fannie, Freddie $100 Billion - LoanSafe

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Meet the Obscure Federal Regulator Who's Not Helping Homeowners - ProPublica

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Consumer Confidential: Mortgage deal, Redbox service, Clint rules - Los Angeles Times

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More incentives for principal reduction - Baltimore Sun (blog)

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California may join multi-state mortgage settlement - Los Angeles Times

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