Pembroke Pines, FL -- (SBWIRE) -- 09/15/2009 -- Florida mortgage modification expert Marlon Baugh specializes in providing mortgage information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

As a homeowner, can work directly with you lender to work out a Florida loan Modification on your own.

“However, when lenders contact homeowners that are behind on their payments, they have one thing in mine, which is "an attempt to collect a debt.” Now what does that mean? This means the lender will try to take as much money from the home owner as possible, so they can to keep the payments current, says Marlon Baugh, Florida Loan Modification Expert.”

Many home owners who attempt a Florida loan modification on their own, become frustrated and overwhelmed with the Florida loan modification process and give up, and the only recourse is Foreclosure, deed in lieu, or just walking away.

The sad truth is that many homeowners are uneducated enough to negotiate, or use the bank-backed debt collectors to “negotiate” a mutually beneficial Florida loan modification.

The other thing to keep in mind is that most lenders only give a home owner one chance per year to do a Florida loan modification, so if you don&apost feel up to the challenge, which including being left on hold for 30 - 60 minutes at a time to get hung up on, while on hold and after you faxed a document to them 10 times, they turn around and tell you they never received it. Then by all means give it a try, but if you don’t feel like going at this alone you can either try a non profit organization or a Florida Loan Modification Expert.

Florida mortgage modification expert Marlon Baugh specializes in providing mortgage information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit

http://www.specializedfinancialsolutions.com

For more information on this press release visit: http://www.sbwire.com/press-releases/sbwire-31802.htm

Florida based Mortgage Broker Marlon Baugh reveals loan modification secrets at a new web site that is full of free reports. The site is designed to give Florida residents all the facts about A Florida loan modifications so they can make an educated decision when obtaining a Florida Loan Modification.

Pembroke Pines, FL -- (SBWIRE) -- 06/03/2009 -- Today more and more lenders are implying that they are doing everything within their power to help home owners that have fallen behind on their payments, but I am sure if you speak to anyone that has attempted to get a loan modification, will beg to differ as they tackle road block after road block from their lender.

“Not only are home owners finding that it&aposs a mission to reach a work out officer within the loss mitigation department of their lender, but to make matters worst, if they do receive an approval for a loan modification from their lender, they are finding that new payments are as unaffordable as the original mortgage,” says Marlon Baugh, a Florida based loan modification expert.

As more and more borrowers default on their loans for such reasons as job loss or an adjustable rate mortgages, lenders are finding that their loss mitigation departments are flooded with request from home owners who can no longer afford their payments. One of the main causes of this is lenders were not set up for the work load and mortgage restructuring that the rise in foreclosures have caused. The main purpose of servicing companies were to collect monthly payments from the borrowers as there were limited request to help home owners modify their existing mortgages within past years.

Most loan modifications that are offered by lenders result in either a temporary and minimal rate reduction and an increase in the principal amount owed, as the lenders tact on the arrearages with late fees and many other garbage fees that purposively arise from the mortgage going into default. Home owners will find that the amount they owe increases because of the missed payments and these junks fees and as a result the new payment that is being offered by the loan modification is even higher than the original mortgage payment.

In saying that, some home owners need to realize that a loan modification isn&apost for everyone and that renting and starting over can be a better options for many, especially if you live in a state like Florida where many Floridians have loss in excess of a hundred thousand in equity over the last 2 years and the Florida market is still declining.

With a combination of the current U.S. economy and sub prime loans, foreclosures are far out pacing the number of loan modifications that are being done. Many modifications done today tend to be unaffordable, because of no reduction to the principal balance of the mortgage and or a significant rate reduction and as a result we are now finding that over 50% of loan modification done within the last year have gone back into default.

One of the main duties of a servicer is to collect every dollar owed by the home owner for the lenders or investors that actually owns the loan, and this is one of the main reason that home owners are finding that their lenders are sometimes reluctant to modify their loan, as this could result in less income for them and the potential of huge losses for the investors or lenders that hired them.

Florida - based loan modification expert Marlon Baugh specializes in providing mortgage information to Florida residents that allows them to make informed decisions about their loan modification options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit http://specializedfinancialsolutions.com

For more information on this press release visit: http://www.sbwire.com/press-releases/sbwire-28328.htm

Florida based Mortgage Broker and Loan Modification Expert, Marlon Baugh reveals the key factors about the Obama Loan Modification Plan, what you should watch out for and how it will benefit you when considering getting a loan modification.

Pembroke Pines, FL -- (SBWIRE) -- 05/06/2009 -- Florida Based Loan Modification Expert and Mortgage Broker Reveals What You Need To Know About The Obama Loan Modification Plan.

This Plan was developed to help struggling home owners restructure their mortgage, which would reduce the foreclosure rates and Keep home owners in their homes and would also slow the decline in home values. The Obama Loan Modification Plan has about $75 billion allocated to accomplish this task of making bad loans good and should help about 4 million home owners to save their home’s from foreclosure. In the first quarter of 2008, over 50% of loan modifications that were done has failed within the first 6 months and these home owners were again facing foreclosure; the main reason for this is because they were put into unaffordable loan modifications. The Obama Loan Modification Plan was developed to make a change in the loan modification arena, which would make sure home owners that qualify would be put into an affordable loan modification.

The plan is centered around affordable payments for home owners, as they believe that homeowners will stay in their homes if they have an affordable mortgage, despite declining real estate property values. Majority of home owners that end up into foreclosure is because they can’t Afford the payments anymore, whether it’s because they got into a loan they couldn’t afford in the first place or life events such as job loss, death in the family or illness.

In order to make the payments affordable, lenders that are participating in this program are required to reduce the home owner’s mortgage payment to 38 percent of their gross monthly income otherwise know as their debt to income ratio or DTI. From there the government would make financial contributions to bring the 38 % DTI to 31 %. To accomplish this goal, the lender or servicer will first reduce the rate as low as 2 %, if they are not at the 31% DTI mark, then they will further extend the terms or amortization of the loan from a 30 year mortgage to a 40 year mortgage.

Marlon Baugh says, "One of the main disadvantages of this plan is that it doesn’t have any provisions that would require the lender or servicer to reduce the balance of the loan, which would have been a great incentive for home owners to stay in their homes, especially in states like Florida, Arizona and California. Because for some home owners that have seen the value of their homes dropped up to 50% of what it was worth a few years ago, then an affordable payment make not be enough to motivate them to stay in their homes and instead they will either walk away and lose the home to foreclosure or do a short sale and move on with their lives."

The Obama Loan Modification Plan has a 3 month Trial period, if they payments are made on time for the first 3 months then the modification will become permanent and the rate and terms will be fixed for 5 years. Then lender will be paid $1000 for each loan modification and up to an additional $3000 over a period of 3 years as long as the home owner continues to make their payments. Home owners also get a cash incentive where they will get up to $1000 reduction in their principal balance for up to 5 years as long as they make timely mortgage payments.

It is important to note that the Obama Loan Modification Plan was developed for individuals that have primary residences and don’t apply to investor or speculators that bought investment property in hopes to flip for a quick profit.

For more information on this press release visit: http://www.sbwire.com/press-releases/florida-based-loan-modification-expert-and-mortgage-broker-reveals-what-you-need-to-know-about-the-obama-loan-modification-plan-27507.htm

Florida based Mortgage Broker Marlon Baugh reveals Florida loan modification secrets at a new web site that is full of free insider reports, that the big banks hope you never find out!. The site is designed to give Florida residents all the facts about a Florida loan modification so they can make an educated decision when obtaining a Florida loan modification.

Pembroke Pines, FL -- (SBWIRE) -- 04/08/2009 -- This article was written to give a brief overview of how the Florida Loan Modification process is handled when the home owner is dealing directly with their lender. Before I begin I have to let you know that I am not trying to persuade or scare you from doing a Florida Loan Modification on your own, but instead I am trying to give you real information, so stay with me.

"Before you attempt a Florida loan modification it is important to know what you will be getting yourself in, as some lenders only give the home owner one shot at this per year," says Marlon Baugh, a Florida based Loan Modification Expert.

Baugh offers these tips when attempting to do a loan modification on your own:

It will normally begin with several phone calls to the lender or servicer in which the phone call will be answered by an automated system which will provide a list of menu options, and not to mention prolonged hold times for up to 60 minutes depending on call volume and the hold music will sometimes put you to sleep and if you are lucky after waiting 30, 40 minutes your call wont drop and you may have to start all over again. Some home owners describe this as modern day torture.

Once you finally reach a live person and you give them you loan number and other identifying information, don&apost be surprised if they have to transfer you to another department 3 or 4 times in which you will have to give all you information over and over again to every representative you speak to. To save you time and frustration you will need to speak to the loss mitigation department, this is the only department that can and will handle Florida Loan Modifications, so don&apost waste your time with customer service, some of the customer service reps have no clue as to what a loan modification even means.

Once you do get a hold of someone that is knowledgeable, you will want to get their full name, direct number and or extension, this way in the future you can get around the long hold times.

To save you frustration and from getting a full head of gray hair, believe me this process have been known to do worst, you can hire a Florida Loan Modification Expert. A Florida Loan Modification Expert is able to devote their complete attention and skills to getting you a beneficial Florida loan modification. There are hundreds of Florida Loan Modification strategies that a Florida Loan Modification professional will use, depending on the home owners individual situation.

Most Florida Loan Modification will result in any of the following: reducing the interest rate, converting the adjustable rate to a fixed rate loan, forgiving default payment, or a combination of any of the above. Principal reductions are definitely a possibility but it is very rare, if you consult with a Florida Loan Modification Company and they guarantee principal reductions you should run and not walk away.

Lenders are more willing to grant just an interest rate reduction, because if done properly will keep the home owner paying their monthly payments and they can avoid a short sale or foreclosure, as short sale and foreclosures are very costly options for the lender.

For more information on this press release visit: http://www.sbwire.com/press-releases/the-florida-loan-modification-process-what-you-need-to-know-26812.htm

Florida based Loan Modification Expert, Marlon Baugh reveals Fort Lauderdale Loan Modification Secrets at a new web site that is full of free reports, a Loan Modification guide and free mortgage calculators. The site is designed to give Florida residents all the facts about A Fort Lauderdale Loan Modification so they can make an educated decision when obtaining a Fort Lauderdale Loan Modification.

Pembroke Pines, FL -- (SBWIRE) -- 03/12/2009 -- If you live in areas such as south Florida and you bought a house within the last 5 years, then you are probably having equity issues, such as no equity or worst negative equity, which mean you are upside down and now owe more to you lender than your house is worth. Or if you are being denied for a Fort Lauderdale Refinance Loan for other reason such as low credit scores, late mortgage payments or even foreclosure, then a Fort Lauderdale Loan Modification could be answer you been waiting for.

Now what is a loan modification?

A loan modification is a restructuring and renegotiation of an existing mortgage loan. Now most of us have done some type of loan modification in the past, but just don&apost know it, for example; If you have ever called your credit card company to ask for a reduction in your interest rate, then you have done loan modification. Getting you mortgage modified however can be a little trickier.

"In essence, a Fort Lauderdale Loan Modification allows home owners to continue living in their home while making more affordable payments," says Marlon Baugh, a, Florida based Loan Modification Consultant. "A Fort Lauderdale Loan Modification is a long term solution for borrowers with hardships that over burden their budgets."

The Fort Lauderdale Loan Modification is becoming one of the mortgage industries most popular tools for preventing a foreclosure and creating a win-win situation for both lender and homeowner. As the typical terms will normally be more affordable for the home owner and will put them back on track and the lender gets to collect its interest payments in a timely fashion and won&apost have to go through the expense of foreclosure.

When foreclosures are prevented then families get to keep their homes, the surrounding neighborhood maintains the value and the lender maintains a profit.

It is important for Fort Lauderdale home owners to understand that Fort Lauderdale Loan Modifications are on a case by case basis, on the individual level as well as the lender level, each lender have their own guidelines for loan modifications and with saying that, no one or company can guarantee any results.

If you choose to hire a Fort Lauderdale Loan Modification company to handle you modification and they make these types of guarantees, then don&apost do business with them, as the lender has the final say. Don&apost get me wrong, but while I want home owners to be aware of unscrupulous Fort Lauderdale Loan Modification companies that are looking to take advantage of people, there are also reputable companies that can present the home owners case the right way to the lender that maximize their chances of getting the modification approved. In most cases, the lender only gives the homeowner one chance within any 12 month period whether it&aposs favorable or unfavorable, so choosing a legitimate Fort Lauderdale Loan Modification Company can be beneficial.

Florida - based Loan Modification Expert Marlon Baugh specializes in providing Loan Modification information to Florida residents that allows them to make informed decisions about their Loan Modification options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit http://specializedfinancialsolutions.com

For more information on this press release visit: http://www.sbwire.com/press-releases/cant-refinance-then-get-a-fort-lauderdale-loan-modification-26085.htm

Florida based Mortgage Broker Marlon Baugh reveals Florida loan modification secrets at a new web site that is full of free insider reports, that the big banks hope you never find out!. The site is designed to give Florida residents all the facts about a Florida loan modification so they can make an educated decision when obtaining a Florida loan modification.

Pembroke Pines, FL -- (SBWIRE) -- 02/18/2009 -- With the current collapse of the real estate market, there has been an increase of con artists that has arrived in the loan modification field, which target home owners that are in facing foreclosure.

What these fraudulent loan modification companies do is prey on the fears of these home owners that are in the midst of losing their homes to foreclosure.

"They give them empty promises which include guaranteed reduction in their mortgage rate to 2% or lower and also a guaranteed reduction in their principal balance. While these results are certainly possible, the truth is no loan modification company can guarantee these results even if it done by an attorney as it&aposs the lender that makes the final determination.," says Marlon Baugh, a Florida based Loan Modification Expert.

Baugh offers these tips when considering choosing a loan modification company:

- Home owners need to be aware of these scams and what to look for as more and more phony loan modification companies are on the rise and present themselves as the homeowner&aposs last resort if they want to save their home. Many of these companies started popping up about a year ago, as lenders tightened up their guidelines and property values plummeted which as a result home owners that we in adjustable rate mortgages had even fewer options than before to refinance and save their homes from foreclosure.

- Home owners need to ask a lot of question and do their research before selecting a legitimate loan modification company to work with. They need to be aware of what&aposs happening in the industry. Recently a lot of mortgage brokers and real estate agents have gotten involved in the loan modification business, without properly understanding the procedures and guidelines involved, and are more concerned about the money they can make.

- If the home owner is facing foreclosure, they don&apost want to end up with an inexperienced loan modification company that doesn&apost have a successful track record of accomplishing beneficial loan modifications. Another reason you want to work with someone that has experience is, most lenders will only give the home owner one chance per year to get the loan modified, so if its not done right the homeowner could still end up in foreclosure.

Florida - based loan modification expert Marlon Baugh specializes in providing mortgage information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit http://specializedfinancialsolutions.com/lendersexposed.htm

For more information on this press release visit: http://www.sbwire.com/press-releases/how-to-choose-a-florida-loan-modification-company-revealed-by-florida-loan-modification-expert-25495.htm

Florida based Mortgage Broker Marlon Baugh reveals Loan Modification Secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give Florida residents all the facts about Loan Modification and other mortgage options so they can make an educated decision when obtaining a mortgage.

Pembroke Pines, FL -- (SBWIRE) -- 01/13/2009 -- If you live in areas such as south Florida and you bought a house within the last 5 years, then you are probably having equity issues, such as no equity or worst negative equity, which mean you are upside down and now owe more to your lender than your house is worth.

“With Loan Modification as popular as it is right now, Florida residents have to be even more careful about choosing a Loan Modification Company," says Marlon Baugh, a Florida based mortgage consultant. “But if you are being denied for a refinance loan for reasons such as low credit scores, owe more than your house is worth, late mortgage payments or even foreclosure, then a loan modification could be answer you been waiting for.”

Now what is a loan modification?

A loan modification is a restructuring and renegotiation of an existing mortgage loan. Now most of us have done some type of loan modification in the past, but just don&apost know it, for example; If you have ever called your credit card company to ask for a reduction in your interest rate, then you have done loan modification. Getting you mortgage modified however can be a little trickier.

A loan modification can include any or a combination of the following;

-Forgiveness of missed payment or adding them to the back end of the loan to get the home owner up to date.

- If the home owner has an adjustable rate mortgage, then the modification could freeze or reduce the interest rate.

-Reduction in the principal balance to match the current market value.

Most homeowners are unaware that a loan modification is an option if they don&apost qualify for a refinance and that can also be used to prevent foreclosure and save their home, as well as preserve their credit. Loan modifications are granted especially to individuals that can demonstrate a current hardship, such as job loss or serious illness.

The first step of the loan modification is to go thru a brief interview either with your lender or a loan modification consultant. If the home owner&aposs case proves to be a strong candidate, then the lender will request a financial statement that will break down all the income and expenses of the home owner. Once this financial statement is completed then the homeowner will need to package this with a hardship letter, along with supporting documentation such as tax returns, pay stubs and bank statements and send to their lender. From this package the lender will then make a determination for the new loan terms which could take up to 60 days.

The loan modification is becoming one of the mortgage industries most popular tools for preventing a foreclosure and creating a win-win situation for both lender and homeowner. As the typical terms will normally be more affordable for the home owner and will put them back on track and the lender gets to collect its interest payments in a timely fashion and won&apost have to go through the expense of foreclosure.

When foreclosures are prevented then families get to keep their homes, the surrounding neighborhood maintains the value and the lender maintains a profit.

It is important for home owners to understand that loan modifications are on a case by case basis, on the individual level as well as the lender level, each lender have their own guidelines for loan modifications and with saying that, no one or company can guarantee any results.

If you choose to hire a loan modification company to handle you modification and they make these types of guarantees, then don&apost do business with them, as the lender has the final say. Don&apost get me wrong, but while I want home owners to be aware of unscrupulous loss mitigation companies that are looking to take advantage of people, there are also reputable companies that can present the home owners case the right way to the lender that maximize their chances of getting the modification approved. The lender only gives the homeowner one chance within any 12 month period whether it&aposs favorable or unfavorable, so choosing a legitimate loan modification company can be beneficial.

Florida - based mortgage expert Marlon Baugh specializes in providing mortgage information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your loan modification or other mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit http://specializedfinancialsolutions.com/lendersexposed.htm

For more information on this press release visit: http://www.sbwire.com/press-releases/the-truth-about-florida-loan-modification-revealed-by-florida-mortgage-expert-24581.htm

Florida based Mortgage Broker Marlon Baugh reveals the insider secrets of the Florida FHA Hope For Home Owners Program at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give Florida residents all the facts about mortgage refinancing so they can make an educated decision when obtaining a mortgage.

Pembroke Pines, FL -- (SBWIRE) -- 12/23/2008 -- Actually this FHA Hope Program may prove to be HOPELESS, for both home owner&aposs and lenders.....Let me explain.....

The President has signed into law legislation that will allow HUD&aposs Federal Housing Administration (FHA) to continue providing targeted mortgage assistance to homeowners. The Hope for Homeowners program will continue FHA&aposs existing and successful efforts to provide aid to struggling families trapped in mortgages they currently cannot afford. Under the program, certain borrowers facing difficulty with their mortgage will be eligible to refinance into FHA-insured mortgages they can afford. The program was implemented on October 1, 2008.

"For Home Owners that are facing foreclosure and are hoping that the Hope Program will help them save their homes will need to consider other options, as The requirements almost seemed to be designed to be impossible to meet and the resulting loan essentially caused it to make more sense for borrowers to just walk away from the home than accept the terms, says Marlon Baugh."

Let&aposs start with the lenders perspective with participating in the Hope Program: To do this transaction the lender will have to reduce the loan to 90% of the current value of the home, so that means if the original loan was $300,000 and the current market value has dropped to $200,000, and then the lender has to reduce the loan to $180,000 that&aposs 60% of the original loan amount. The property must also be the principal residence and the homeowner cannot own more than one property.

Now if the lender did a modification of the original loan amount they wouldn&apost necessarily have to reduce the loan amount, but instead just reduce the interest rate and extend the period of the loan to make it affordable. Now this may seem as a good deal for the home owner....but keep reading. The new loan will be at today&aposs current rate, versus with loan modifications interest rates can be negotiated way below today&aposs rates, sometimes as low as 2%. In addition the new FHA Loan will come with upfront mortgage insurance and it will be a 30 year fixed, while with the loan modification they can extend the loan up to 40 years with out mortgage insurance. Not to mention all the other closing cost associated with getting a new loan.

While in the HOPE Program, the homeowner cannot get any second mortgages for the first 5 years of the FHA hope Loan and when you think it couldn&apost get worst, well....if the house appreciates in the future, the home owner will have to share that equity with the government. This shared equity starts at 100% to FHA during the first year and will remain at a minimum of 50% to FHA from five years throughout the duration of the mortgage. For the current lender, it will make more sense to modify the loans themselves than to participate in the FHA Hope For Home Owners Program. And for the home owner they will have more flexibility in rates and terms and they won&apost have to share they built up equity with the government.

Florida - based mortgage expert Marlon Baugh specializes in providing mortgage information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit http://specializedfinancialsolutions.com

For more information on this press release visit: http://www.sbwire.com/press-releases/the-florida-fha-hope-for-home-owners-program-revealed-by-florida-mortgage-expert-24314.htm

Florida based Mortgage Broker Marlon Baugh reveals mortgage refinancing secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give Florida residents all the facts about florida mortgage refinancing so they can make an educated decision when obtaining a mortgage.

Pembroke Pines, FL -- (SBWIRE) -- 12/19/2008 -- It seems like everyone in Florida is jumping on the mortgage refinancing bandwagon. Maybe you&aposre thinking about it yourself? After all, with rates as low as they are, the promise of lowering your monthly payments, sometimes significantly, is a great attraction for many homeowners.

But before you sign on the dotted line, there are a few things you should know about the way refinancing works so you don’t make a mistake that could wind up costing you big time.

"With refinancing as popular as it is right now, Florida residents have to be even more careful about shopping for the best loan," says Marlon Baugh, a Pembroke Pines, Florida based mortgage consultant. "Even the most attractive offer can wind up being a disaster once you realize how much the loan is really costing you."

Marlon Baugh offers these tips when considering refinancing:

* You should get a significantly lower rate for refinancing to make sense. Don&apost rush to refinance unless it&aposs truly worth your while. If you&aposre working with a mortgage broker rather than going it alone, you can be assured that they&aposre bringing you the best offers out there. If you&aposre going it alone, you&aposll have to do the legwork for yourself.

* Consolidating unsecured debt with a refinance loan can be a dangerous idea. You may not be in financial trouble now, but if in a few years things change, instead of simply missing a credit card payment or two, you&aposll now be in danger of losing your home as well.

* Your credit score counts... big time. If you&aposve had credit problems in the past like a bankruptcy, it might make sense to wait a while for your credit score to recover before trying to refinance. Most lenders make it hard for people with less than perfect credit to get the best deals. But, again, if you choose to let an expert like a mortgage broker get involved in the process, they can often find loan options that most homeowners didn’t even know existed - which can save you thousands over the long haul.

Florida mortgage expert, Marlon Baugh specializes in providing mortgage information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit http://specializedfinancialsolutions.com

For more information on this press release visit: http://www.sbwire.com/press-releases/the-truth-about-florida-mortgage-refinancing-revealed-by-florida-mortgage-expert-24260.htm

Fort Lauderdale, Florida based Mortgage Broker Marlon Baugh reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give the First Time Home Buyer and other Florida residents all the facts so they can make an educated decision when obtaining a mortgage.

Pembroke Pines, FL -- (SBWIRE) -- 10/14/2008 -- Easy Ways for First Time Home Buyers Fort Lauderdale, Florida Residents to Get the Best Mortgage

If you are considering purchasing a home in Fort Lauderdale, but you are having problems coming up with the necessary down payment, then FHA has your answer.

In Fact, says Marlon Baugh, "FHA loans were once only considered for low to moderate income individuals, this however is not the case."

If you are buying a primary residence in Fort Lauderdale and you want to put down a small down payment with great rates, then FHA is your answer. If you would like the idea of having someone else help you pay your mortgage payment or to buy an investment property like a duplex or triplex, you can still use an FHA loan for this transaction, however you must occupy one of the units for at least a year as your primary residence. Also with 2-4 unit properties in Fort Lauderdale, you can use the rent income from the property to help you qualify for the loan. This is great for the entrepreneurs/investor at heart as you can on the road to wealth even faster.

Typically the down payment requirements for a Fort Lauderdale FHA loan will be 3-5% of the purchase price of the home. Now this down payment doesn’t necessarily have to come from you, it can be a grant, gift from family and even sweat equity. Most people opt for the down payment assistant grant that can cover up to 5% of your down payment, so think there weren’t anymore No Money Down Mortgage Loans? Think Again!

Now let us talk about other benefits to getting an FHA loan:

- Fort Lauderale FHA loans are fully assumable, now what does this mean you the home owner? Well went and if you decide to sell your home, the buyer does not have to qualify for a new loan but instead take over the current FHA loan on the property. Talk about have a great selling advantage, and also since FHA loans come with low interest rates, so selling especially when current interest rates are high will be an ease and you can demand your asking price whether it’s a buyer’s or seller’s market.

- Fort Lauderdale FHA loans allow the seller to pay up to 6% of closing cost, which will more than cover all your closing cost for buying a home. Now if you don’t have a seller that is willing to do this then you can simply roll these costs into the loan, which will greatly reduce you out of pocket expenses at closing.

- If you decide to refinance in the future to reduce you rate or to get a shorter term mortgage, then there is no qualifying for the new loan as long as you have made you payment on time for the last 12 months. They don’t even require a new appraisal.

- Do you have less than perfect credit such as bankruptcy or foreclosure, then, FHA is the loan for you. As long as you can demonstrate you had extenuating circumstances and that you have developed a good track record since these incidents, normally a 1-2 year window, then you can qualify for low single digit interest rates and a low down payment.

Ok I am telling you all the benefits and I know you are saying it might sound too good to be true or what are the disadvantages?

There is one major disadvantage or to a certain extent called MIP (Mortgage Insurance Premium. MIP protects the lender in the event you can’t make you mortgage payments and it usually about 1.5% of the loan amount.

FHA has helped many renters realize the dream of home ownership for many years now. I want to caution you to not just by a home because you can get in with little or no money down or because you found a great deal, such as a foreclosure. Research shows the borrowers that put little or no money down are more opted to end up in foreclosure. So budget carefully, prepare for the worst and try and be debt free before buying a home.

Fort Lauderdale, Florida - based mortgage expert Marlon Baugh specializes in providing information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit

http://www.specializedfinancialsolutions.com

For more information on this press release visit: http://www.sbwire.com/press-releases/considering-buying-a-home-in-fort-lauderdalethink-fha-22607.htm

Miami, Florida Based Mortgage Lender Marlon Baugh reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give consumers all the facts so they can make an educated decision when obtaining a mortgage.

Pembroke Pines, FL -- (SBWIRE) -- 08/20/2008 -- Miami Florida based Mortgage Expert finally reveals the secrets at a brand new website

http://specializedfinancialsolutions.com/miami-mortgage.htm

This site is loaded with FREE REPORTS, an informative home buying guide, mortgage calculators consumers can use to run various loan scenarios and home buying resources you can use to save time and money before and after you purchase your home.

If you&aposre planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking to refinance in Florida or the surrounding areas, you will find that this site is a complete resource full of insider secrets that will allow you to choose the loan program best suited to your financial needs.

Here is just a small sample of the secrets revealed on this site...

*Little Known Secrets That Will Show You How To Improve Your Credit Score

*Important Terms You Must Know BEFORE Obtaining A Mortgage

*Tested and Proven Strategies For Building A Better Credit Record Faster and Easier

*The Top Mortgage Questions Borrowers Must Ask Before Applying For A Mortgage

*How To Finally Stop Renting And Own A Home Of Your Own

*How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit

*7 Things You Should NOT Do When Applying For A Home Loan

*12 Secrets To Lowering Your Homeowners Insurance Cost Your Agent Doesn&apost Want You To Know

Miami, Florida - based mortgage expert Marlon Baugh specializes in providing information to consumers that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit

http://www.specializedfinancialsolutions.com

For more information on this press release visit: http://www.sbwire.com/press-releases/miami-florida-mortgage-consultant-reveals-insider-loan-secrets-other-mortgage-lenders-dont-want-the-public-to-know-20686.htm

Pembroke Pines, Florida based Mortgage Broker Marlon Baugh reveals mortgage secrets at a new web site that is full of free reports, real estate buying guides and free mortgage calculators. The site is designed to give the self-employed and other Florida residents all the facts so they can make an educated decision when obtaining a mortgage.

Pembroke Pines, FL -- (SBWIRE) -- 07/11/2008 -- There’s no denying that there are tons of benefits that go along with being small business owner. But along with the freedom of being your own boss, most Fort Luaderdale small business owners probably thought one of the things they wouldn’t have much choice about is their mortgage. After all, mortgage lenders are traditionally hard on self-employed borrowers, right? Not necessarily.

In fact, says Marlon Baugh, a Loan Officer with Specialized Financial Solutions, LLC, it might actually be easier to get a mortgage when you’re a small business owner. If you know where to look, that is.

“What most people don’t know is that many lenders are eager to work with small business owners,” “And because of the unique loans they offer that are designed specifically for entrepreneurs, you might actually wind up going through less hassle during the process than your neighbor, who depends on the good graces of a boss for his livelihood.”

Here are some quick pointers on shopping for a loan when you’re self-employed:

*Look for lenders that will let you verify your income in ways that don’t require tax returns or pay stubs. Bank statements, for example, can be much better indicators of cash flow.

*Explore stated loans or no-doc loans. Stated or No-doc means what it sounds like – you don’t have to provide all of the supporting documentation most borrowers do. You simply tell the lender what your income is. You’ll usually need good credit scores or a larger down payment for this type of loan.

*Get your accountant to sign off on a profit-loss statement. Some lenders can use these as “verification” of your income from self-employment. This should be a simple thing to put together, especially if you have an accountant prepare your taxes every year.

*Ask the experts. Entrepreneurs don’t have the time to shop around for lenders who offer these kinds of loans. So do what you would do in your business. Ask an expert. Mortgage brokers have access to dozens of lenders and mortgage products many people don’t even know exist. They can streamline the process and make it easy to get the home you want, at a price you can afford.

Pembroke Pines, Florida - based mortgage expert Marlon Baugh specializes in providing information to Florida Small Business Owners that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your commercial mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit

http://specializedfinancialsolutions.com/commercial.htm

For more information on this press release visit: http://www.sbwire.com/press-releases/easy-ways-for-self-employed-fort-lauderdale-florida-small-business-owners-to-get-the-best-mortgage-19426.htm

Pembroke Pines, Florida based Mortgage Broker Marlon Baugh reveals chapter 13 bankruptcy refinancing secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give Florida residents all the facts about bankruptcy mortgage refinancing so they can make an educated decision when obtaining a mortgage.

Pembroke Pines, FL -- (SBWIRE) -- 07/10/2008 -- In talking to numerous homeowners in Chapter 13 Bankruptcy I have found the following myths or mistakes to be the most common during my survey. So I wanted to share this information, because I find it very frustrating that even today with so much information available at no charge, that homeowners in bankruptcy are still blinded by these mistakes. Please read these common mistakes that if you avoid, you are guaranteed to save thousands of dollars, clean up your credit and get a fresh start! I urge you not to make these mistakes.

Mistake Number 1: Failure to recognize that Your Home is an asset that can be used as a Financial Tool - that can be used to lower your overhead (ex. Pay off your chapter 13 bankruptcy), save thousands of dollars in interest and fees associated with the bankruptcy (ex. Your trustee monthly maintenance fee) and obtain financial security.

Several times per week, I meet with homeowners with a recent chapter 13 bankruptcy. Frequently, they tell me that they&aposre reluctant to consider borrowing against their home because they want to &apossave&apos their equity. They don&apost want to risk their retirement savings, in the form of their growing equity by refinancing. But they don&apost understand the real risk.

While they bring up an important point, I prefer to step back and look at the real risks. In a vacuum, it does not make sense to say something like "I don&apost want to increase the size of my mortgage."

After all, if we refinance the mortgage and pay off the bankruptcy debts, we&aposre not creating more debt even though your mortgage balance increases. We&aposre simply restructuring the &aposbad&apos bankruptcy debt by paying it off with &aposgood&apos mortgage debt.

So at the end of the day, the client still owes roughly the same amount as before the restructuring, but now it&aposs in the form of mortgage and the payments are less...and frequently tax-deductible ,unlike your bankruptcy payments. (Consult your tax advisor!).
Isn&apost that more important than a half-thought fear about increasing a mortgage?

So what is the real risk? Typically, Chapter 13 homeowners have very little savings and a lot of debt.

Let me ask you - what would happen if you had to stop working because of an injury or sickness? Are you putting anything away toward your children&aposs college education? Or have you given any thought to your retirement plan?

If you have little to no savings, your retirement plan is doomed! You&aposre going to work until you die unless you do something to grow your assets fast!" Sometimes, the risk of doing nothing outweighs all the other risks.

Mistake # 2: Thinking that Your Credit Is So Poor That You Can&apost Be Helped.

Many clients come into my office with their heads down and tails between their legs, expecting that they can&apost be helped. Sometimes they&aposve been to another mortgage broker or bank, had their credit pulled and been told that it&aposs too low to do anything. They&aposre depressed. But they are wrong! I can help them!

It&aposs generally agreed that good credit starts around 680. Frequently, clients in a Chapter 13 have scores in the low to mid 500&aposs. But this does not matter! Let me explain why.

If you work with a qualified mortgage consultant, you&aposll find that you might be able to accomplish your goals despite your "sub prime" score. Because in situations like yours, your history of paying your mortgage and/or your Chapter 13 payments will be a more critical factor in determining what you qualify for. And if you can obtain a program that lowers your overall payments by hundreds or thousands of dollars, that&aposs what&aposs most important. You can do this even with a low credit score!

Today, there is a greater choice than ever of programs, such as the famous FHA Loan Program, which is a government backed loan for people with bankruptcies or other credit blemishes.

The bottom line is, if you must weigh the risk of doing nothing versus refinancing, statistics show that 9 out of 10 times refinancing is far more beneficial than doing nothing.

Pembroke Pines, Florida - based mortgage expert Marlon Baugh specializes in providing mortgage information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit http://specializedfinancialsolutions.com/ch13bk.htm

For more information on this press release visit: http://www.sbwire.com/press-releases/key-mistakes-homeowners-in-chapter-13-bankruptcy-make-revealed-by-florida-mortgage-expert-19425.htm

Pembroke Pines, FL -- (SBWIRE) -- 07/09/2008 -- Pembroke Pines, Florida based Mortgage Broker Marlon Baugh reveals For-Sale-By-Owner secrets at a new web site that is full of free reports. The site is designed to give the Home Owners in Florida all the facts so they can make an educated decision when selling their home in today&aposs real estate market.

Unlock the Secrets for FORT LAUDERDALE, Florida Residents to Sell their Homes without a realtor.

When you sell your home by owner, the real estate industry calls you a FSBO, which means For Sale By Owner. Some buyers think this is great because they can deal with you easier than a trained real estate professional. They can deduct what you are saving by not having a Realtor and they tend to make lower offers. This doesn&apost always happen, but you need to be aware of it.

Bigger ads cost more and show inexperience and most often are just a waste of your money. Don&apost list things that tell everything ... just the basics. If your property has things that people are NOT looking for and you list them all, you are chasing them away before they have the opportunity to see for themselves. They may settle for what they didn&apost want for what they do want. If all else fails, go to the library and check out a FSBO book. They have complete marketing plans and can assist you greatly.

As your lending professional, I will pre-qualify each potential buyer in order to make sure that they are sufficiently qualified by thorough examination of their credit status and current financial situation. This is extremely important in order not to waste time negotiating with unqualified buyers. This will save valuable time.

PEMBROKE PINES, Florida - based mortgage expert Marlon Baugh specializes in providing information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit

http://specializedfinancialsolutions.com/fsbo1.htm

For more information on this press release visit: http://www.sbwire.com/press-releases/unlock-the-secrets-for-fort-lauderdale-florida-residents-to-sell-their-homes-without-a-realtor-19423.htm

Reverse Mortgage Benefits Revealed By Florida Mortgage Expert

Pembroke Pines, FL -- (SBWIRE) -- 07/08/2008 -- Dreaming of your retirement years does not include losing your house. However due to today’s lower stock market, higher medical bills and taxes, many retirees face this very problem. This is why it is necessary that you, as a baby boomer considering retirement within the next 10 years, understand reverse mortgages and what one could do for you. A reverse mortgage could make it possible for you to travel, buy a second home or start a new business. The Basics of Reverse Mortgages A reverse mortgage is a loan against the equity in the home you own that you are not required to make payments on, as long as you continue to reside in your house. If you own your own home, the banks will pay cash for your home without your having to repay it each month or move. There are several different ways you can receive your cash. The first way is the entire sum in a single payment. The second way is that you can get a payment every month. And thirdly, a bank can give you a line of credit. It&aposs up to you and your own judgment to manage this line of credit. Why Get A Reverse Mortgage? A reverse mortgage has many benefits. Your financial status holds the answers to many of the benefits available with a reverse mortgage. Advantages include: • Protect the title to your home • No restrictions on how, when or where YOU spend the money • No restrictions on when you sell your home • You do not repay as long as you remain residing at the home • You do not pay taxes on your received cash To simplify it, remember that a reverse mortgage is the opposite, or reverse, of a regular mortgage – the bank pays you to live in your house. The loan has to be repaid when you pass away. Or certainly, when your home is sold to a new owner. This solution may suit you if you&aposre retiring in your current home and have equity in that home. Also, another advantage of a reverse mortgage is that you can qualify for a reverse mortgage even if you have no income whatsoever. Why wait? Begin your golden years on the right track!

Pembroke Pines, Florida - based mortgage expert Marlon Baugh specializes in providing reverse mortgage information to Florida senior residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit http://specializedfinancialsolutions.com/reverse.htm

For more information on this press release visit: http://www.sbwire.com/press-releases/reverse-mortgage-benefits-revealed-by-florida-mortgage-expert-19422.htm

Pembroke Pines, Florida based Mortgage Broker Marlon Baugh reveals bankruptcy mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give Florida residents all the facts about mortgage and bankruptcy so they can make an educated decision when obtaining a mortgage.

Pembroke Pines, FL -- (SBWIRE) -- 07/07/2008 -- In the past, traditional mortgage lenders have automatically rejected people who had declared personal bankruptcy. Many potential home buyers felt they must wait at least seven to ten years after a bankruptcy to be eligible to become homeowners.

This is a common misconception. While some people declaring bankruptcy have had trouble managing their money, a large number of those declaring have simply experienced unfortunate events. Americans are filing bankruptcy at record levels in the last five years. Though a bankruptcy is certainly a blemish on a credit report, it does not necessarily disqualify a borrower. Recognizing that sometimes bad things happen to good people, some select loan officers are becoming more willing to take a calculated risk. Some lenders use a scoringsystem to determine whether potential buyers are a worthwhile risk.

Unfortunately, bankruptcy gives an automatic low score. However, select lenders are beginning to look beyond the scores and look at the individuals in need. Instead of waiting two or four years after being discharged from bankruptcy, some mortgage professionals are willing to give a home loan much sooner. Those who have declared Chapter 7 bankruptcy liquidation may be eligible for a loan one day after discharge, and those who have declared Chapter 13 may be eligible for a loan even while still reorganizing. Another common misconception is that a previous bankruptcy on your credit report will require you to have a large down payment and pay extremely high rates.

There are currently programs available with little or no money down with very attractive interest rates. Some lenders are even prequalifying buyers for a loan, saving time and making the home buying experience easier and more efficient.

When a buyer prequalifies, they will have the advantage of greater negotiating power. No matter what the situation, select mortgage professionals have a program that will work for the buyer with a bankruptcy history. If a buyer cannot get approved, there are customized plans that can reestablish credit to help the buyer become mortgage-ready, ensuring homeownership in the future. Because of new options, bankruptcy no longer needs to stand in the way of getting a home loan. With the help of more creative lenders, those who have experienced financial difficulty will have an easier time getting a mortgage.

Pembroke Pines, Florida - based mortgage expert Marlon Baugh specializes in providing mortgage information to Florida residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Marlon Baugh is available for interviews and will welcome all your mortgage related questions.

Call 954-678-5796 Ext.1 for a Free No-Obligation Consultation or visit http://specializedfinancialsolutions.com/own-a-home.htm

For more information on this press release visit: http://www.sbwire.com/press-releases/the-truth-about-mortgage-and-bankruptcy-revealed-by-florida-mortgage-expert-19424.htm