Property values across the United States seem to go up and down all the time. One day, your home is worth more than what you paid for it, and the next day, your home is worth well below what you have paid. The constant change in property values and the economic climate in this country have made it difficult for many people to purchase a home and keep up with monthly mortgage payments. Homeowners have few options when it comes to taking control of mortgage debt. The obvious option is to put the home up for sale, but when you may get less than what you owe, or you wish to stay in your home, selling your home on the open market may not be the answer.
How Ariano & Associates, PLLC Can Help You Settle Your Mortgage Debt
The Debt Settlement Attorneys of Ariano & Associates, PLLC frequently help homeowners fight mortgage debt, and do so in a way that works best for each particular client. Our attorneys will negotiate with your mortgage lender on your behalf to ensure you are reaching the best resolution possible for your situation. When it comes to settling your mortgage debt, you will have very big decisions to make that will determine whether or not you will ultimately keep your home. With the assistance of our attorneys, these big decisions do not have to be that stressful – our attorneys will ensure that you have the information necessary to make the decisions that will only further your interests – not harm them.
Settling Mortgage Debt Can Help You Avoid Foreclosure
If you are having trouble keeping up with your mortgage payments and would like to take the steps necessary to keep your home, you will need to reach an agreement with your lender to determine how your current mortgage can be refinanced to fit your financial situation. Settling debt does not mean that you have to pay the debt in full, and risk losing your home. Depending on whether the value of your home has gone up or down, you may be able to reduce the total amount you owe, and therefore reduce the amount of interest you pay, as well as reduce your monthly payments.
Another option for settling debt through refinancing is to extend the life of your loan by a certain number of years so that your monthly payments are less. This option can be tricky because you may end up paying more in the long run; however, if you wish to keep your home, this may be the best option for your financial situation at this time. It is important to keep in mind that you can always reevaluate your mortgage when you have had a change in circumstances, so that you can hopefully increase your monthly payments in the future.
If You Wish to Sell You Home, a Short Sale May be the Answer
For those that do not want to keep their homes, they may have the option of settling their mortgage debt through a short sale of the home. With a short sale, the lender agrees to take whatever it can from the sale of your home, forgiving you of any remaining balance you may owe on the loan. This can be a great option if you plan to move anyway, or simply do not care about keeping the home. Regardless of what option may be best for you, it is well worth you time to speak with one of the Debt Settlement Attorneys of Ariano & Associates, PLLC.
Contact the National Debt Settlement Attorneys of Ariano & Associates, PLLC Today
Owning a home is extremely rewarding, but the burden of mortgage debt can quickly kick you out of your own home. Millions of Americans struggle to keep their homes, and some unfortunately lose their homes through foreclosure. While some foreclosures may be unavoidable, you may be able to avoid the foreclosure of your home by taking control of your mortgage debt now. You have options available to you that will allow you to pay off your debt and keep your home. The Debt Settlement Attorneys of Ariano & Associates, PLLC have extensive experience handling a variety of debt-related matters for their clients. Whether you need to settle credit card debt, mortgage debt, student loan debt, among others, Ariano & Associates, PLLC has the resources, dedication, and skill to help you eliminate your debt. Having received multiple positive online reviews, Ariano & Associates, PLLC stands apart from the rest, providing legal services to individuals and businesses from all across the United States. If you would like to speak directly with one of our experienced debt settlement attorneys, contact Ariano & Associates, PLLC today by calling (888) 919-5569 to schedule your free consultation.