HOPE 4 HOMEOWNERS OUTLINE

WHAT ARE THE BENEFITS? A FEDERAL HOUSING ACT PROGRAM HELPS ADJUST EQUITY IN THE HOME LOWERS MONTHLY COST FOR THE HOMEOWNER BRINGS YOUR HOME LOAN 10% BELOW CURRENT MARKET VALUE PUTS THE HOMEOWNER IN A FIXED RATE MORTGAGE LOW INTEREST RATES (5.5% to 6.75%) STOPS FORECLOSURE PROCESS IT WILL STABILIZE TODAYS MARKET VALUE!!!

WHO QUALIFIES AND WHO WILL NOT?QUALIFIES 2YRS. OF INCOME DOCS W-2 OR 1099 (MUST HAVE PAY STUBS FOR MARCH

1ST 2008) YOUR MORTGAGE STATEMENT FOR MARCH 1ST 2008 A CURRENT FHA APPRAISAL SHOWING CURRENT MARKET VALUE (AVG.

COST $350) YOUR CURRENT MORTGAGE NOTE A LETTER EXPLAINING WHY THIS PRODUCT WOULD HELP YOU AS A HOME

OWNER A DEBT TO INCOME RATIO OF OVER 31% AS OF MARCH 1ST 2008 (WE WILL

QUALIFY YOU) FINANCED THE HOME ON OR BEFORE JANUARY 1ST 2008 PRIOR TITLE POLICY ON THE HOME

DISQUALIFIESo OWNING MORE THAN ONE PROPERTY ANYWHERE IN THE U.S.A.o HAVE INTENTIONALLY DEFAULTED ON A MORTGAGE LOAN IN THE PAST 10

YRS.o BEEN INVOLVED IN MORTGAGE FRAUD

EXAMPLE OF H4H PROGRAM YOUR CURRENT HOME VALUE IS $250,000 YOU CURRENTLY OWE $375,000 WE DO A NEW LOAN BASED ON $250,000 - 10% = $225,000 THE LENDER ACCEPTS THE REST, AS LOSS AVERAGE PAYMENT PI + MI = $1,630 (BASED ON 1.5% MI

EXPLAINED ON NEXT PAGE)

HOW DOES MI WORK??? YOU HAVE 3% OF THE BASE LOAN AMOUNT CHARGED TO THE HOME OVER

AND ABOVE THE LOAN AMOUNT (EXAMPLE ON $225,000 = $6,750.00 THAT GOES INTO A MORTGAGE POOL FOR INSURANCE)

EVERY MONTH YOU HAVE MI 1.5% THIS DOES NOT GO AWAY FOR 5YRS. (EXAMPLE ON $225,000 = $281 PER MONTH)

ASK US FOR A PAYMENT THAT WILL SUPPORT YOUR CURRENT SITUATION

HOW IS THIS POSSIBLE???IF HOME IS SOLD OR REFINANCED:

o YEAR 1 FHA RECIEVES 100% OF EQUITYo YEAR 2 FHA RECIEVES 90% OF EQUITYo YEAR 3 FHA RECIEVES 80% OF EQUITYo YEAR 4 FHA RECIEVES 70% OF EQUITYo YEAR 5 FHA RECIEVES 60% OF EQUITYo AFTER YEAR 5 FHA RECIEVES 50% OF EQUITY YOU RECEIVE THE REMAINDER IF THERE IS NO EQUITY YOU OWE NOTHING

WHAT IS THE RISK? THERE IS NO RISK THIS IS A HUD APPROVED MORTGAGE, SAFE, SAFE, SAFE!!! YOU CANNOT LOSE YOUR HOME ONLY A PERCENTAGE OF EQUITY IN

YOUR HOME (90%, 80%, 70%, 60%, 50% SPLIT WITH THE LENDER) IF YOU SELL OR REFINANCE AND THERE IS NO EQUITY YOU OWE

NOTHING

COST OF THIS PROGRAM YOU OWE 100K-250K (COST TO NEGOTIATE PROGRAM $1,500) YOU OWE 250K-375K (COST TO NEGOTIATE PROGRAM $2,000) YOU OWE 375K-500K (COST TO NEGOTIATE PROGRAM $2,400)o FEES ARE NON-NEGOTIABLE AND NOT REFUNDABLEo IF THE CURRENT LENDER DOES NOT SUPPLY THE H4H PROGRAM. WE WILL

REFINANCE YOUR CURRENT LOAN TO A NEW LENDER THAT WILL ACCEPT THE PROGRAM AT NO ADDITIONAL COST

WHAT DO I DO NEXT?DOCS NEEDED TO START NEGOTIATION:

LAST 2 YRS. OF INCOME DOCS MARCH 1ST 2008 PAY STUBS NOTE ON CURRENT MORTGAGE PAYMENT COUPON ON CURRENT LOAN COPY OF CREDIT REPORT NO LATER THAN 60 DAYS OLD (WE CAN PROVIDE

THIS FOR YOU, IF NEEDED)