Principal Reduction Program
The Guardian Group Principal Reduction Program
The Guardian Group was formed to help American homeowners keep their home and avoid foreclosure or having to sell their home.
This is a principal reduction program. It is NOT a loan modification program.
Billions of dollars of private fund money have been allocated to purchase notes at a discount based on market value, which are then liquidated for a profit.
The Guardian Group will then refinance you with a new loan at 90% of CURRENT market value.
Thus, the homeowner goes from a position of significant negative equity to one of 10% equity after the resulting refinance.
To qualify, a homeowner must be "underwater" by at least 20%. This means that the total amount of the loans on a property must exceed the market value by at least 20%.
For example, let's say that the loans on a property equal $400,000. If the market value was $320,000 or less, then the home would be eligible.
The other qualification is that the homeowner needs to document sufficient income so that the DTI, or Debt to Income ratio, is less than 50% after the refinance has been completed.
The homeowner's FICO score does not matter.
Please call or e-mail me and I can help you calculate that ratio for you.
The Guardian Group's business model makes sense as it actually benefits all parties.
The homeowner benefits the most because they will regain equity, and not lose ther home. Their monthly payments will go down significantly.
There is a relatively minimal cost up front which covers all the costs the Guardian Group incurs, including ALL costs of the refinance.
The Guardian Group does not make its money on any fees. They only make money when they successfully purchase the Note and then resell it, so their goals are aligned with the homeowner.
The lender who sells the Note at a discount to the Guardian Group benefits because they will net more cash this way versus allowing the home to go through foreclosure.
Lenders do not want to take back the house. This is very expensive for them, and if they do take back a "non-performing asset," then this ties up a significant amount of reserves that the lender can not use to lend, so the lender loses even more money.
The Guardian Group's program works whether or not you are behind in your payments.
Please call me at 530-205-9145 to discuss your situation to see if you can qualify, and I will gladly answer all questions.
You may also e-mail me at rick@upfrontmortgageplanner.com.
The Guardian Group was formed to help American homeowners keep their home and avoid foreclosure or having to sell their home.
This is a principal reduction program. It is NOT a loan modification program.
Billions of dollars of private fund money have been allocated to purchase notes at a discount based on market value, which are then liquidated for a profit.
The Guardian Group will then refinance you with a new loan at 90% of CURRENT market value.
Thus, the homeowner goes from a position of significant negative equity to one of 10% equity after the resulting refinance.
To qualify, a homeowner must be "underwater" by at least 20%. This means that the total amount of the loans on a property must exceed the market value by at least 20%.
For example, let's say that the loans on a property equal $400,000. If the market value was $320,000 or less, then the home would be eligible.
The other qualification is that the homeowner needs to document sufficient income so that the DTI, or Debt to Income ratio, is less than 50% after the refinance has been completed.
The homeowner's FICO score does not matter.
Please call or e-mail me and I can help you calculate that ratio for you.
The Guardian Group's business model makes sense as it actually benefits all parties.
The homeowner benefits the most because they will regain equity, and not lose ther home. Their monthly payments will go down significantly.
There is a relatively minimal cost up front which covers all the costs the Guardian Group incurs, including ALL costs of the refinance.
The Guardian Group does not make its money on any fees. They only make money when they successfully purchase the Note and then resell it, so their goals are aligned with the homeowner.
The lender who sells the Note at a discount to the Guardian Group benefits because they will net more cash this way versus allowing the home to go through foreclosure.
Lenders do not want to take back the house. This is very expensive for them, and if they do take back a "non-performing asset," then this ties up a significant amount of reserves that the lender can not use to lend, so the lender loses even more money.
The Guardian Group's program works whether or not you are behind in your payments.
Please call me at 530-205-9145 to discuss your situation to see if you can qualify, and I will gladly answer all questions.
You may also e-mail me at rick@upfrontmortgageplanner.com.
