Foreclosures rise more than 300 percent in the two-county Inland region

The Inland Empire homeowners are losing their homes at an alarming rate due to risky subprime mortgages. Take a look at this article from Knight Ridder Tribune Business News.

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FHA Might Be The Way!

My son, a lender at Majestic Mortgage just gave me a hot mortgage tip. This could help you:

• Is your credit score 620 or below?
• Have you had any late mortgage payments in the last 12 months?
• Is your loan amount under $362,760?
• Is that loan balance less than 97.15% of your home’s value?
• Do you have an adjustable rate mortgage set to adjust?

If you answered YES to the above and you’re looking for a way out, how does this sound?

• A 30-year fixed loan With NO prepayment penalty
• In the mid-upper 6% range With a 1% origination fee
• With no junk fee charges

Interested? If you have a sub-prime mortgage loan and need to get out of because it is about to adjust to a payment you can’t afford then you might want to contact my son, Mike Martin or his Processor, Bea at (909) 466-4889. You could be the perfect candidate for an FHA loan. Imagine an affordable monthly mortgage payment plus stability to your life as well.

Sub-prime adjustable rate mortgages are ticking time bombs, if you are in one and want out, inquire about FHA refinancing. Remember, not every lender is FHA approved.