Sunday, January 17, 2010

Pay it off and lower your payments...

Pay it off and lower your payments....

You have seen them I am sure. The commercials, usually from car dealerships, promising to pay off your loan and reduce your payment on a new car....if you purchase a new one.

Of course they leave out the new purchase will increase your debt load or length of obligation!

This brings back some (bad) memories of banks offering to "give"folks a home equity loan a few years ago.

Take the cash out of your investment, etc

Problem was your house, if it is your primary residence, is, first of all, your house.

It is not a primary investment and should not be treated as such.

Unfortunately some have learned that lesson too late!

If you are upside down, lost your job, had a change in your family situation or fo some other reason have lost your ability to pay for that house in Viera or Rockledge, Florida, a short sale may be a way to get you back on track.

Give me a call and lets discuss your situation and how we can help you avoid a foreclosure!

Gary Waters, Florida licensed real estate agent, Bucci Realty, working exclusively with the Realtors at Century 21 Baytree Realty in Rockledge, Florida.

Call me at 321-693-3850 or email