Is Now the Time to Refinance - How to survive the economic crisis!

Do you know someone is who feeling the impact of the ever changing economy? Is someone you know experiencing a financial crisis? Bankruptcy? Foreclosure? Job loss? I sure have. Being in the mortgage industry, this is something I see or hear about every day. It's very sad. Some folks are experiencing these things because of the poor choices of others or because of their own poor choices. We all do this from time to time. Unfortunately, it's a fact of life. When we spend money on things such as nice homes, sports cars and other pleasures of life and if we do so without having the ability to pay cash for it, we can be setting ourselves up for financial destruction. We reap what we sow! Our national debt is a number too large for me to even fathom. The bible says, that just as the rich rule the poor, so is the borrower servant to the lender. When we take on debt that we cannot pay off, it puts us in a position of "bondage".

But there's hope! I know many people who can help you and offer you solutions. Sometimes refinancing is an option and sometimes it's not. Interest rates are still very good but now is the time to act. With the ever changing economy, the only way we can survive as a country is through inflation, which means interest rates go up.

For an honest approach - free consultation on what options you have, please give us a call or email. We care and we want to see you freed from bondage!

Blessings from The InSight Team
Michele "MAC" A. Cole
Business Development Rep
michele@wantinisght.com

Jewel Callahan
Mortgage Consultant
jewel@wantinsight.com
816-510-1399

NEW REFI PLUS PROGRAM

Watch your savings add up quickly!

Even if you’ve experienced a property value decline as a result of the economic downturn and mortgage crisis, you may be able to refinance your home loan into a very low fixed rate mortgage!

The Mortgage Refinance Affordability Plan recently implemented by President Obama offers many homeowners the chance to refinance their current mortgages. Many homeowners who have seen their property values drop the past several years can see real help with this plan.

And we at InSight Mortgage Group can answer your questions and see if you qualify for this or other refinancing programs. If you have a current 80/20, 80/15/5 or 80/10 loan, where you did a 1st/2nd combo in order to avoid PMI, we may be able to get you into a 105% LTV first mortgage.

Save thousands of dollars over the life of your loan by locking into a low interest fixed rate loan. Maybe a refinance could save your home from foreclosure.

Whatever your personal home loan needs may be, take advantage now and see your savings add up. Call Dick or Michele at InSight Mortgage Group, 913-642-3334. Email us at dickw@wantinsight.com or michele@wantinsight.com or start your application online at wantinsight.com.

A GLIMMER of SUNSHINE

Demand for purchase loans rose the first week in April even though interest rates rose slightly from record lows, even outreaching the demand for refinancing. This gives hope to the hard-hit housing market as Spring approaches, generally the high season for purchases.

The Mortgage Bankers Association and various lenders have reported an increase in applications these past few weeks. We,at InSight Mortgage Group, have been blessed with many new applications. Many economists believe that our economy will begin to emerge from its slump when the housing market stabilizes. And the growing demand of refi’s due to the low rates available, can provide some relief to burdened consumers by providing them with lower monthly payments.

A ray of hope is actually found in Calilfornia, the hardest hit state in the housing bust. The median single family home price recently was down 41% from a year earlier and new home construction starts had almost disappeared. But, is the worst now over? Inventory is shrinking, investors are coming back, and sales volume is increasing.

More than 600,000 homes were purchased in February this year. The numbers show that the majority of the sales were bank owned foreclosures. And some areas, according to the California Association of Realtors spokesperson, are seeing slight increases in price per square foot, which is a hopeful indicator. The market is seeing an increase of investor purchased properties too.

The best indicator of positive change is in the inventory supply. A year ago it was 15 months, now it’s at 6.5 months! Generally a six-seven month supply of homes is considered a “normal” market. Nationally, the market has an overall 9.7 month supply.

And, according to the NAHB (National Association of Home Builders), model homes are seeing a lot more foot traffic due to combination of the first-time homebuyer credit, low interest rates, and affordable prices. Joe Robson, NAHB chairman, reports "consumer interest is increasing”. He also reported that approximately 1.5 M visitors have logged on to their website to learn more about the $8,000 tax credit for first time homebuyers.

And for us, locally the numbers are good too. According to the National Association of Realtors home sales in the Midwest jumped 14.5%. We should have the local Kansas City regional numbers for March soon.

If the hardest hit area begins to show signs of slight improvement, what does that mean for the rest us?

Call us at InSight Mortgage Group, 913-642-3334, for the good news on purchase and refinance rates. Please email me at michele@wantinsight.com with your good news stories to share. Have a blessed day.

Save Your Home From Foreclosure and Save Your Credit

ARE YOU UP AT NIGHT?
Worrying because your adjustable rate mortgage is going to reset and you can't afford the new payment? Maybe you owe more than your house is worth? Or you're unable to get a new loan because your credit is less than perfect? Maybe you're 30, 60, or even 90 days late on your mortgage. Perhaps NOD or foreclosure proceedings have already begun!

Stop collection calls! Stop your foreclosure! Stop Stressing! Let us handle your lenders and their attorneys for you.

I’ve tried refinancing, but everyone says that they can’t help?
If you’re in a position with less than perfect credit or if you now owe more in loans than your home is worth, there are several solutions that can still benefit you. Recently the government has passed several laws making it easier for someone with good intentions to keep their home and keep their low monthly payments. Is your mortgage adjusting or going to adjust? We are now feeling the recourse of all the adjustable mortgages that were started in 2004 and 2005. Many people are losing their homes now that they are no longer able to afford the initial “teaser” rate. How can you be expected to pay an additional $500-$1000 per month on your mortgage? We can help you by setting up a new plan with your lender, and keeping your payments where you are able to continue living comfortably.

Stop Foreclosure with Loss Mitigation Programs
Loss mitigation programs were established by the federal government and the mortgage industry in order to stop home foreclosures. They help foreclosure victims in default on their mortgages to find alternatives to home foreclosure. Every homeowner’s situation is unique and each lender has their own policies regarding the use of these programs to stop foreclosure. Our extensive experience and solid working relationships with mortgage lenders allows us help you avoid the common pitfalls that many homeowners encounter while trying to work things out directly with their lender. After performing a thorough assessment of your personal finances and analyzing your lender’s loss mitigation policies our professional loss mitigators will negotiate with your lender to get you the best possible solution to your home foreclosure problem. We can help you save your home and credit history through a variety of loss mitigation options:
Time is your enemy!
The longer you wait, the harder it is for us to help you. Yes, we often do pull clients out of the fire at the last minute but consider this... If your house payments are more than a month behind, your lender has probably already started foreclosure proceedings against you. As time passes, thousands of dollars in penalties and legal fees can be added to the balance you owe. And every single day the interest charges are growing.
Sometimes homeowners are not even aware how far their foreclosure has progressed. We talk to people almost every day who did not even know their house had already been sold at auction. Please don't let that tragedy happen to you! If you would like to stop foreclosure, protect your assets and credit history 913-642-3334 or visit us at http://www.wantinsight.com/ to talk with a consultant. You’d be glad you did!
If you are looking for a realistic long term solution to your financial problems? For a FREE no obligation consultation on how we can help you stop foreclosure, save your home and preserve your credit history.

“Helping our Community Save Their Home”

Customize Approach
Too many banks use a “one size fits all” approach with homeowners in foreclosure. Your situation is unique. You deserve to get a fair and personalized settlement from your lender. We stop foreclosure by taking the time to listen to your concerns, assess your financial needs and then negotiate a mortgage workout that YOU can live with.

Professionalism We get your bank to pay attention to your needs because they know and trust us. We have been stopping foreclosures for many years. During that time we have successfully rescued a multitude of families from the devastation of foreclosure. Our chief mitigator has over 15 years' experience in Real Estate. That kind of experience and track record in the industry gives us credibility with your lender. Our integrity and professionalism help us to be heard when no one else can get through the red tape.

Established Contacts Our staff of full time mitigators works with the key negotiators and decision makers at lending institutions across the country on a daily basis. They speak the language and understand what it takes to break through the bureaucracy to get your case heard.
We will use our experience and relationships to your advantage. Please don’t delay. Act today while hope remains.

Michele “MAC” A. Cole
http://www.wantinsight.com/ Information provided by Emodications...