Re-financing and Using a Mortgage as a Bankruptcy Alternative
As personal debt levels continue to increase, people are left to explore their options to deal with their debts. If you own your own home, it may be possible to re-finance your home to deal with your financial problems.
Theresa Yates, a mortgage consultant based in Ontario, Canada, explains that "the process is not complicated at all. I take care of everything."
Theresa starts by taking an application and getting the clients story. "If the deal is pretty straightforward I process the application (getting the best deal possible) and obtain an approval. Sometimes a client may not fit the guidelines and I may have to work with the lender to sell the deal. I have quite a good rapport with many of my lenders and because of this they will work with me to get the deal done. After obtaining the approval an appraisal may have to be done which I also arrange for you. Next papers must be signed and documents collected from the client. To do this I usually meet the clients at their home at a convenient time whether it is during the day, an evening or a weekend. From there it's pretty clear sailing and the deal closes" explains Ms. Yates.
If you own a home and have financial problems, and live in Ontario, Canada, contact Theresa Yates directly at www.mortgageintelligence.ca/theresayates. For residents outside of Ontario, Canada, contact a local mortgage broker to determine if a mortgage refinancing is a suitable bankruptcy alternative for you.
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