The Sky is Falling for Credit Card Holders
Somerset Mortgage Lenders is once again coming to the rescue of homeowners who will be feeling the devastating effect of escalating credit card debt. Unlike the Chicken Little story, the sky is really falling for credit card holders. As if the increase in penalty charges itself is not severe enough, the minimum payment requirements will double and come crashing down as soon as 2006 opens it’s doors for business. This news finds more and more conscientious homeowners feeling the control of their finances quickly slipping away. Their usually reliable home equity line of credit has begun to dry up and everyone is frantically searching for some form of financial relief.
Somerset has discovered that by taking advantage of the current low mortgage refinancing rates, a homeowner can solve the problem of paying off high credit card balances and home equity credit lines simultaneously and begin again with a clean slate, all this while preserving their credit standing. Somerset’s unique role as a direct lender, not a broker, is
the perfect climate for refinancing.
Somerset, in fact, 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 well over a century of expertise, the Somerset team of Lending Specialists have time and time 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 low refinancing rates at this time, Somerset has many packages
designed to help each and 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. They offer stated, no income check, unlimited cash-out for you and can close in as little as 72 hours.
The current low rates won’t last forever. So if you’re considering refinancing, don’t hesitate much longer; beat the credit card companies at their own game and replenish your home equity line.
We recommend turning to Somerset Mortgage for their many programs specifically designed to solve a variety of unusual credit problems through refinancing.
You can call Somerset Mortgage Bankers toll free at 1-800-675-9783 or visit their office at 290 Broadhollow Road, Suite 310E, Melville, NY 11747. Somerset is A licensed Mortgage Banker-NYS Banking Dept, MA Mortgage Lender, Licensed by the Dept. of Corporations under the Calif. Residential Mortgage Lending Act. License #Mi2666, Lender CA, CO, CT, FL, ME, MD, NM, OR, SC, TN, Residential Mortgage Originator-MN.