Breakthrough Mortgage & Financial Services, Inc.

Breakthrough Mortgage & Financial Services, Inc.
615 East Atlantic Blvd
Pompano Beach, FL 33060
United States

ph: 954-785-8099
fax: 954-785-8188

Services and Programs

Loan Modification Program

President Obama Administration, under the guidance of the US Treasury has created one of the most inclusive loan modification programs.  This mortgage modification program not only helps borrower in current financial stress, but also good paying homeowners that think they may have challenges in the future or have lost significant equity in their homes due to the housing market crisis. A loan modification is a private negotiation between the client/borrower and the lender and is much like a mortgage refinance. The borrower will have to provide full documentation and details of each process of the modifications.  There is  no such modification for stated borrowers.  All modification requires financial details of their personal situation and if self-employed, all business financials.

Am I Eligible for a Loan Modification?

This will vary depending on who services (i.e., who you send your mortgage payment to each month) your mortgage. However, most lenders follow very similar qualification criteria.

Where Do I Get a Loan Modification?

The only place where you can get a loan modification is with the lender or servicer that current holds your mortgage. The best place to start is your mortgage coupon book or statement--who you send your mortgage payment to each month? Or you may want to consider an authorized 3rd party mortgage company that are licensed and specialize mortgages.

 Modification qualification standards:

  • Experienced a documented true hardship or change in financial circumstances
  • Missed three payment (90 days delinquent) or more
  • Owns and occupies the property as a primary residence
  • Not filed bankruptcy

For more in information. Call us we can help!

  • ATTENTION FIRST TIME HOMEBUYERS 

    The latest idea under discussion is a credit worth up to $8,000 for first-time homebuyers and up to $6,500 for homeowners looking to trade up to a bigger primary residence and who have already lived in their current home for five years.

    To qualify for the full credit, however, homebuyers must have adjusted gross income of less than $125,000 ($225,000 for married couples filing jointly).

    In addition, the credit would only apply to homes sold for $800,000 or less. Contracts to buy a home must be signed by April 30, 2010, and the deals must close by June 30 in order for a buyer to qualify for the credit

    Senate likely to extend homebuyers' tax credit

     As of 10/28/2009

  • N.A.C.A's  Save The Dream Tour
    Feb 25 - Mar 1, 2010

    FEB 25 - MAR 1 AT THE PALM BEACH COUNTY CONVENTION CENTER
    What:   NACA (Neighborhood Assistance Corporation of America) "SAVE THE DREAM TOUR" stops in West Palm Beach at the Palm Beach County Convention Center with 320 counselors ready to help restructure YOUR mortgage on site for FREE.  Walk-ins are welcomed.
    When: Doors Open at 9am Thursday, February 25, 2010 and running 24 hours a day through Monday, March 1
    Where: The Palm Beach County Convention Center
                Exhibit Hall
                650 Okeechobee Boulevard
                West Palm Beach, FL 33401

    Please visit www.naca.com or call 888-499-6222 to register or if you have any questions.

            

       

     

 

First Time Homebuyers Tax Credit

 

ALERT: You must have a contract to buy a home signed by April 30, 2010 and the deals must close by June 30, 2010 in order to qualify for this years tax credit.

Consult a Tax Advisor for this credit.

 

WORKSHOPS AND TRAININGS

Our office has been servicing the tri-county community for over 10 years empowering and educating homebuyers. We structure every workshop tailered to fit todays circumstances and situation. We educate large or small groups on  purchasing a home, credit issues, modification and budgeting for a home. We are also an approved Fannie Mae  Home Counseling Agency for First Time Homebuyers throught out the state of Florida.

We are authorized to provide workshops and counseling for all HUD Approved Housing Counseling Agencies.

Call Us we will structure a workshop to fit!

954-785-8099

Copyright 2009 Breakthrough Mortgage & Financial Services, In.. All rights reserved.

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Breakthrough Mortgage & Financial Services, Inc.
615 East Atlantic Blvd
Pompano Beach, FL 33060
United States

ph: 954-785-8099
fax: 954-785-8188