Somerset Saves a Homeowner

Somerset Mortgage Lenders is again coming to the rescue of a homeowner who suffers the devastating effect of escalating debt and foreclosure.

  Such was the case of Scott and Amy, described here in a letter of thanks Scott wrote to Somerset.

   “Our family would like to thank Somerset Mortgage Bankers for getting us out of foreclosure. Our attorney suggested that Chapter 13 filing would be the best option. We were directed to pay $700 per month to a trustee for 48 months. As a result of a misunderstanding as to when the payments were to begin, we started getting threatening letters form the bank. At this point we called Somerset”.

     The letter continues, “Craig Fleischman, a   Loan Officer  from

Somerset, told us that he could  help us and said that he first needed to get an appraisal. At the same time, we supplied him with a lot of documentation necessary to close our loan.

  Shortly after, Craig called to let us know that we had been approved by Somerset. During this time, our attorney went ahead without our permission and had our bankruptcy dismissed, thinking he was helping us get a loan.

   What it did was alert the bank who immediately set a foreclosure sale date. This put an enormous  strain on our entire family. With the continued help of Somerset, our foreclosure was stayed and they were able to close our loan.

  To our surprise, the interest rate and closing costs were all reduced in order to help us. Not only will we now be able to keep our home, but we’ll be able to put ourselves on track financially, thanks to all the wonderful people at Somerset.

  Somerset’s unique role as a direct lender, not a broker, can also work for everyone experiencing difficult times.

  Somerset has the unique ability to make qualifying decisions and exceptions on an individual basis, giving them the edge over banks and other mortgage companies who will not make a loan for those with low credit scores or make other decisions for approval outside an inflexible set of guidelines.

  At Somerset, however, they realize that each person’s credit is based on a unique, individual set of compensating factors, like how long an individual has been on a job and how much equity they have built into their home.

  This thinking creates a loan that best suits the individual. With over a century of expertise, the Somerset team of Lending Specialists have again accomplished loans for homeowners where others won’t, while possessing the essential resources to work with people through all credit, income and equity situations.

  And thanks to the refinancing rates at this time, Somerset has many packages designed to help every homeowner erase the burden of very high debt to successfully put them on the road toward a good credit recovery.

  Right now, individual loans can vary to save a home from foreclosure, for instance, because of bankruptcy, missed mortgage payments, and no credit background. The current rates won’t last forever. So if you’re considering refinancing, don’t hesitate, much longer; beat the creditors at their own game and replenish your home equity line now.

  We recommend turning to Somerset Mortgage for their many programs designed to solve a variety of unusual credit problems through refinancing.

  Call Somerset Mortgage Bankers toll free at 1-800-675-9783 or visit their office at 290 Broadhollow Road, Suite 310E, Melville, NY 11747

     Licensed Mortgage Banker-NYS Banking Dept, Lender-Connecticut, South Carolina, “Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.” “Licensed by the Pennsylvania Banking Department as a First Mortgage Banker and Second Mortgage Lender Pursuant to the Secondary Mortgage Loan Act License Number Mi2666, Lender-CA, CO, CT, FL, ME, MD, NM, OR, SC, TN, DC, NC, MT, MN, WE, TX, MA, MI, HI, Residential Mortgage Originator-MN.