|
|
1/2 OF U. S. HOMEOWNERS OVERCHARGED ON MORTGAGES
|
Added: 01/12/2004
Type: Summary
Viewed: 600 time(s)
[ Not Rated Yet ] |
1/2 OF U. S. HOMEOWNERS OVERCHARGED ON MORTGAGES
- According to national statistics, 1/2 of all U. S. homeowners are, unknowingly, being overcharged by their mortgage lender, at an average of thousands of dollars per year. The overcharges occur in both mortgage and escrow accounts, and to the collective amount of over $60 billion dollars
annually. Unfortunately, most home owners are completely unaware, never review their accounts, and assume their lenders are faultless.
In response, United States Mortgage Reduction offers home owners the chance to eliminate these excessive charges, and the opportunity to decrease their overall mortgage loans by as much as one-half. Through its efforts to date, U. S. M. R. has, literally, saved U. S. homeowners collectively billions of dollars.
* [MORTGAGE REDUCTION] *
Overcharges occur in an estimated 47.5% of all Adjustable Rate Mortgages (ARMs) and, again, have already cost Americans over $60 billion. Such errors are made by banks and lenders when servicing or adjusting mortgages.
This is further substantiated by lender audits conducted by the F. S. L. I. C. and verified by the General Accounting Office, with almost 50% of ARMs containing errors reflecting overcharges to the average homeowner.
Even further verification is witnessed in the following publicly documented cases:
* Fleet Mortgage was required by the New York Attorney General to refund $150 million in escrow overcharges.
* GMAC was required to refund overcharges of
$100 million.
* Citibank likewise overcharged 16,000 homeowners
millions of dollars.
* [U. S. M. R. BENEFITS/FEATURES] *
As a countermeasure to such excessive overcharges as above, U. S. M. R., alternatively, features within its mortgage reduction program:
* Reduction of payout from the standard 32-year period, to 16 -19 years, thus, eliminating what is probably many people's highest debt much faster, and in almost 1/2 the standard time frame.
* Homeowners can potentially save as much as $75,000 in interest charges alone.
* Home equity can be acquired 2-3 times faster.
* Lender overcharges are eliminated.
* There is no need to refinance.
* Each and every program benefit is guaranteed in writing.
* [BUSINESS OPPORTUNITY] *
It goes without saying, that this unique service from the nation's leading home mortgage service which, by the way, has no imposed territorial restrictions, has served to make a very attractive business opportunity as well.
Add to that, the fact that U. S. M. R. does, practically, all of the administrative work for its program representatives which includes; sending color mailers to homeowner prospects, answering prospect questions, and signing up
homeowner prospects to the mortgage reduction program.
Additionally, U. S. M. R. provides the only full time program support of its type in the mortgage reduction industry. Moreover, this special home mortgage reduction program is particularly attractive to home mortgage brokers, real estate brokers, and other persons serving the real estate and homeowner industries.
Whether one's interest lies in investigating and correcting possible personal home mortgage overcharges, the provision of this service to fellow homeowners, or both, more information can be obtained instantly by email with a request to usmr@getresponse.com or by contacting United States Mortgage Reduction at 1-800-365-7550, ext. 85295.
|
Article Pages: 1
Article Comments
 Add Comment |
 View All (0)
There are currently no comments for this article.
|
|
|
Recent News