|
Option 1 - Full & Final Settlement |
|
As many mortgages on the sub-prime market are for consolidation purposes, it can prove a little tricky when the lender requires all unsecured debt to be cleared as a condition of the loan. Sometimes this exceeds the maximum LTV required; other times it’s the clients’ income which may fail due to them having to take a larger loan. |
| Read
more... |
|
|
Option 2 - Debt Management |
If the Consolidation Loan is still unable to fit after being assessed for Full & Final Settlement, or even if the client’s missed mortgage payments are holding them back, then a Debt Management Plan is a perfect solution to give them temporary stability and give you the chance of resurrecting the deal a few months later. |
| Read
more... |
| |
|