Washington Twp NJ: Need Help With Mortgage, Don't Stop Paying Your Mortgage to Get Help

Washington Twp NJ,



NEED HELP WITH YOUR MORTGAGE, SHOULD I STOP PAYING MY MORTGAGE TO QUALIFY FOR HELP?

Don't let anyone tell you need to stop paying your mortgage to get help. always pay your mortgage for as long as you can. Communicate with your bank. Tell them your situation.

To qualify for help you need to be able to establish any of the following Hardships

1. Divorce,
2. Unemplyment,
3. Curtailment of income,
4. Illness or Death in the Family

WATCH THIS VIDEO FOR MORE INFORMATION ABOUT LOAN MODIFICATIONS

Larry Sarlo is a Certified distressed Property Expert in Washington Twp NJ, Helping people with Short Sales and Loan modifications. Never pay an upfront fee for loan modification help or a short sale. MY certification is updated to educate me with the new laws and mandates daily. Don't leave your home or your life to chance with inexperience or deceptive practices. My services extend around Turnersville, Sicklerville, Williamstown, Pine Hill, Clementon, Lindenwold, Deptford, all of Camden County, Gloucester County, and Cape May County.

Please contact me at 609-868-1171, Email Larry NowAll information is kept confidential and discrete

Mortgage Assistance Relief Services Disclosure


The following disclosure is made pursuant to the Federal Trade Commission’s MARS Rule (16 C.F.R. §322 et seq.)


IMPORTANT NOTICEYou may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject the offer, you do not have to pay us.
Lawrence Sarlo and Weichert Realtors is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
If you stop paying your mortgage, you could lose your home and damage your credit rating.

Turnersville NJ: Eliminating Mortgage Reduction; Take Action Now.. or lose thousands tomorrow!

The Mortgage Interest Deduction is at Risk

Ever since the federal income tax was introduced in 1913, the government has used the tax code to encourage homeownership. Now, as a result of the effort to reduce the federal deficit, the mortgage interest deduction is under fire. Proposed changes to the tax code would have a dramatic impact on home owners and would significantly reduce the value of this deduction.

How would the proposal to eliminate the mortgage interest deduction and replace it with a 12 percent nonrefundable tax credit affect a typical home owner?

Suppose a home owner paying $10,000 in mortgage interest in a year faces a marginal tax rate of 25 percent and, to keep things simple, has enough other itemized deductions that they would itemize regardless of the mortgage interest deduction.

For that home owner, the mortgage interest deduction is worth approximately 25 percent times $10,000 or $2,500 in reduced taxes paid. With a 12 percent tax credit, the home owner’s tax benefit would be reduced to $10,000 times 12 percent or $1,200.

Moreover, if other proposals affecting housing-related deductions went into effect, home owners would not be able to deduct their state and local property taxes or the interest on any home equity loan they might have and they would pay higher tax on a principal residence when sold.

What is the Mortgage Interest Deduction and Who Benefits from It?   The mortgage interest deduction helps make homeownership more affordable by allowing home owners to deduct the interest that they pay on the mortgage for their home when calculating their annual federal income tax. Contrary to assertions by some economists, the income tax deductions for mortgage interest and real estate taxes primarily benefit middle class taxpayers with incomes between $50,000 and $200,000, according to the findings of a study by the National Association of Home Builders. Taxpayers earning less than $200,000 pay 43 percent of all income taxes. However, they receive 68 percent of the total benefit of the mortgage interest deduction and 77 percent of the total benefit of the real estate tax deduction. Moreover, larger benefits go to larger households and families, such as those with children. And as a share of household income, larger benefits are collected by families with less than $200,000 income, indicating that these tax rules make the tax system more progressive.

Facts The income tax deductions for mortgage interest and real estate taxes primarily benefit middle class taxpayers, and larger benefits are collected by larger households and families, such as those with children. Introduced by Rep. Gary Miller of California, H. Res. 25 supports retaining the mortgage interest deduction. At present, there are more than 40 co-sponsors for this important resolution. There are ways for people to take action in support of the mortgage interest deduction. Owners and renters think tax incentives to promote homeownership are reasonable.      72 percent of home owners agree and 82 percent of renters. 81 percent of the public feels that the mortgage interest deduction should remain in the tax code. Support is strong across party lines.      69 percent of Republicans, 70 percent of Independents, and 83 percent of Democrats think it's reasonable to have tax incentives for homeownership. 70 percent of the public would oppose a political candidate who proposed eliminating the mortgage interest deduction. NAHB research reveals that tampering with the mortgage interest deduction would have a disproportionate impact, as a share of household income, on younger home owners. Analysis by NAHB experts debunks the myth that the mortgage interest deduction is claimed by a relatively small number of taxpayers and primarily benefits higher-income taxpayers. Other housing provisions might be at risk:       Home equity loan interest deduction.       Property tax deduction.       Capital gains tax exclusion.       Low-Income Housing Tax Credit.       Depreciation for residential rental property. More information and news releases can be found at www.SaveMyMID.com. Take Action A resolution that supports retaining the mortgage interest deduction is pending in the U.S. House of Representatives. Introduced by Rep. Gary Miller of California, H. Res. 25 states that “the current Federal income tax deduction for interest paid on debt secured by a first or second home should not be further restricted.” At present, there are more than 40 co-sponsors for this important resolution. Show YOUR support for the mortgage interest deduction and tell your Representative to co-sponsor H. Res. 25: Call the U.S. Capitol switchboard at 202-224-3121 to reach your Representative's office. OR Visit www.House.gov to find your Representative's website and send an e-mail in support of H. Res. 25. AND BE SURE TO Thank your Representative if he/she is already a co-sponsor of H.Res. 25 or decides to become a co-sponsor.  www.NJStopForeclosureHelp.com   www.sicklervilleshortsalerealtor.com