RSS 2.0 FeedVol. 4, No.10, October 2008, Real Estate
Q&A with Chris Garza
Director of Retail Operations Greystone Financial Group
1. Do you work with homeowners who are facing foreclosure to reduce their mortgage payments?
I try to help everyone, but there are no loan programs set up specifically to do that. I do have members of my team that are approved to help homeowners start the process of loan modifications.
2. Are you willing to refinance adjustable rate mortgages so the homeowners have a lower overall monthly payment?
Sure. If there is equity in the home, we can help! It’s always worth calling a mortgage professional to check it out.
3. How would you start the process of refinancing if you are facing foreclosure?
If they are already in a foreclosure, that would be tough, since their credit would probably be hammered, as in low/bad FICO scores. But if there isn’t much damage to the credit rating, it’s worth talking.
I try to help everyone, but there are no loan programs set up specifically to do that. I do have members of my team that are approved to help homeowners start the process of loan modifications.
2. Are you willing to refinance adjustable rate mortgages so the homeowners have a lower overall monthly payment?
Sure. If there is equity in the home, we can help! It’s always worth calling a mortgage professional to check it out.
3. How would you start the process of refinancing if you are facing foreclosure?
If they are already in a foreclosure, that would be tough, since their credit would probably be hammered, as in low/bad FICO scores. But if there isn’t much damage to the credit rating, it’s worth talking.
Please login to post your comments.