The mortgage freeze plan can help you if you have an adjustable loan that is increasing your payments beyond what you can afford. The Bush Paulson adjustable mortgage freeze applies if your credit score is too low for you to get another loan and you must have very little equity but not negative equity.

So if your FICO is below 680, and you owe, say, $200,000 and your house is worth $200,000, you won't qualify because you don't have equity. You must have a bit of equity for the freeze.

What should you do if you do not fall into this situation? If you owe more than your house is worth, should you simply walk away? Or should you try a deed in lieu of foreclosure?

And what if you do not want to move? You want to lower your payments but you want to stay in the same house?

You can still negotiate with your lender and get a lower payment in many cases. You have to present a persuasive case to the lender. They want to see the following:

1. A hardship on your part

2. That the hardship will still let you pay a reduced payment

3. That the reduced payment is temporary. They would rather lower payments for 5 years than forever.

---

 

And please right now get your Mortgage Relief Formula home trial…learn how to lower your payments without refinancing, how to slash your debts while increasing your FICO credit score and how to sell your house without a broker, in 9 days with no fixup even if you owe more than your house is worth. Click here for your home trial for just the cost of shipping and handling

---

 

The easiest thing to get is a modification of your loan that simply adds the past due balance to the balance of the loan. The hardest loan modification is a lowering of the interest rate. But they can be done. It is essential that you present your case properly and that you get the attention of the lender.

That is the hardest thing, to get the lender's attention. They are buried in so many files and so many people asking for help that they only pay attention to those people who present the paperwork properly, use good people skills and are very persistent.

Watch This Video for Valuable Information on Short Sales and Credit

Enter Your Name and Email Below and Watch the Video Now

If you want to know more about how to lower your payments without a new loan and take advantage of a mortgage freeze, or if you want to know how to sell your house in nine days even when there are no buyers, and how to sell your house even though you owe more than it is worth, join my qualiy mailing list. I keep all information strictly private and never share it with anyone. Thanks!