Your lender will determine if you qualify for the following alternate solutions. Also, a housing counseling agency can help you with your options, plus interact with your lender on your behalf:
Mortgage Modification – If you can currently make your regular payment, but can’t catch-up on the past due amount, the lender may agree to modify your mortgage. One way is to add the past due amount into your existing loan and finance it long-term. Mortgage Modification may also be possible if you no longer can make your payments at the former level. The lender may modify your mortgage and extend the loan length, or perhaps take steps to reduce your current payments.
Pre-Foreclosure Sale – Foreclosure can be avoided by selling your property for a lesser amount necessary to pay off your mortgage loan. You may qualify if:
Deed in Lieu of Foreclosure – This is when the lender allows you to give-back your property and forgives the debt. It does have a negative impact on your credit record; however it's better than foreclosure. The lender may require that house be "For Sale" for a specific time period before agreeing. This route may not be possible if there are other liens against the home.
For FHA Loans – The lender may assist you in getting a one-time payment from the FHA Insurance Fund. The mortgage loan must be into at least 4-months, but not more than 12-months past due. The homeowner must prove the ability to resume making full mortgage payments on time, and other conditions apply:
For VA Loans – The Veteran's Administration Loan Centers offer financial services designed to help homeowners avoid Foreclosure, and options for your specific situation.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 235072
2542 S Bascom Avenue Suite 185
Campbell, CA 95008
Phone: (408) 402-5770
Affinity Mortgage strives to ensure that its services are accessible to people with disabilities. Affinity Mortgage has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Affinity Mortgage makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows caliloanpro.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Affinity Mortgage accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Affinity Mortgage continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Affinity Mortgage website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Affinity Mortgage website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: Chris_j@ouraffinity.com