Author: Anthony Petrucci
What in the world does this mean? If you are facing possible foreclosure, one of your greatest weapons can be your brain. The average brain weighs only about 3 pounds (so you can take 3 pounds off of your guilt feelings when you step on a scale) but it is a very valuable 3 pounds in helping to stop possible foreclosure.
Your brain is like a computer. It can store an amazing amount of knowledge so it is time to get a financial checkup from the neck up. This simply means, if you are facing foreclosure do your research. Store all information you receive from a reliable source and then evaluate what fits your situation.
After you have done your research, contact your lender so that you know exactly what questions to ask when exploring your options. Do not avoid this very important phone call. Communication is vital to the possible success of saving your home.
Words to look for when doing your research are refinance; reinstatement; and restructure, with options like forbearance agreement or loan modification. Check the laws in your state and the rights provided homeowners who are facing foreclosure. They vary from state to state.
Look over and know the type of loan you have presently and the important details like your interest rate, amount of years of the loan, and any points you may have on your loan so when you contact your lender you are ready to answer any questions they may have with clarity and understanding. You need to know your present loan condition so you can make a wise evaluation on any options they may present to you.
Before calling your lender have a list of questions ready regarding your present situation and be prepared to answer the questions they may have to ask you in order to find the best option for your present financial crisis.
With knowledge can come great wisdom.
When you lift weights, 3 pounds doesn’t seem like a lot. But when 3 pounds involves your brain, that carries a lot of weight and it just might tip the scales in your favor.
About the Author:OceanView Investment Services Corporation is the parent company of OceanViewEquity.com and its affiliate websites. Since founded, our top goals and priorities have been to maintain the integrity of service we provide and the guaranteed satisfaction of our users and customers alike. We provide Borrowers nationwide with a service geared to make the loan process as stress-free and simple as possible. Our Lenders and brokers across the country are given accounts to access borrower information and make successful loans.
Article Source: http://www.articlesbase.com/mortgage-articles/financial-checkup-from-the-neck-up-673591.html
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