The Skinny on Foreclosure...

You hear everyday how the foreclosure rate is at a high point. And yes this is true...there's no denying it. What does foreclosure actually mean??? Foreclosure simply means that the bank takes your home because you can not pay your mortgage. But the bigger issue is HOW 2 AVOID it. The 1st step is to find a great loan officer that has integrity and loyalty! The reason integrity and loyalty are vital is because if your loan officer do not have these qualities they DO NOT have good intentions. There are some loan officers out there that will push a loan on you that you may qualify for on paper but not necessarily in reality. What do I mean by this...simple don't get into nothing you cannot REALLY handle!!! You may be approved for a $500,000 loan but if you're not ready to pay that $3500 monthly mortgage...DON"T DO IT!!! As my grandma use to say: "Keepin' up with the Jones' will get you in a world of trouble!!!" I definitely understand that EVERYONE wants their dream home but please don't get in over your head! You will end up in more debt than ever! At Long $ Foster, we work with the Prosperity Mortgage...contact me so we can sit down today with a honest loan officer with integrity to get you the best loan for your money!