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Tamara Inzunza - (703) 623-8759
Tamara Inzunza Northern Virginia Short Sale Realtor
Our Blog

Recently Closed Short Sale
Lorton Valley
Lorton, VA
$599,000
* - Investment property
* - Two mortgages
* - Current on mortgage payments
* - No cash due or promissory note

Alexandria VA Townhouse Short Sale

Recently Closed Short Sale
Alexandria, VA
Stonegate
$515,000
* - HOA liens paid by lender
* - Two mortgages
* - No cash due at closing
* - No promissory note
* - closing costs paid to buyer
 

"I now realize that I may not have gotten through the transition so smoothly if it had not been for her expertise in an area most Realtors do not care to touch! Tamara has a heart for her clients and it is evident in the dedication she exhibits. I would highly recommend her to anyone searching for a home or trying to get rid of one." - E. Dawson

"Her attention to every detail and willingness to go beyond her area of responsibility was a huge factor in getting my place sold in a timely manner. Selling my home was very stressful and Tamara made the process as easy for me." - J. Bain

Our Blog 
Wednesday, May 25 2011

How One Missed Mortgage Payment Can Affect Your Credit

When a financial hardship sets in, often times homeowners are hesitant to get help right away.  But when you know that a missed mortgage payment is in your immediate future, this is the perfect time to contact a qualified short sale specialist to help you understand your options.

According to a recent article from the Wall Street Journal, just one 30-day late payment can mean as much as 100 points on your credit score.  During this time, homeowners may be eligible for refinancing to a lower interest rate, but if you miss a mortgage payment, you will likely not be approved for a refinance.

Even if you're looking for a fresh start and need our help finding a rental home, a credit check will likely be part of your rental application.  If a potential landlord sees that you haven't paid your mortgage, that may be grounds for declining your application, further complicating your move.

Qualifying for other loans or lines of credit will mean paying a higher interest rate.  Click here for the full article.  If you are facing a fiancial hardship and know that you will be unable to make your next mortgage payment, contact me to understand your options.

Posted by: Tamara Inzunza AT 12:39 pm   |  Permalink   |  Email
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If you know of a friend, family member, or loved one who may be experiencing difficulty making their mortgage payment, please click the button above to refer them to this website.

Brought to you by:

Tamara Inzunza, Associate Broker

RE/MAX Executives 
Certified Distressed Property Expert (CDPE),
Certified Residential Specialist (CRS)

2104 Mount Vernon Avenue
Alexandria, VA 22301
(703) 623-8759

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Certified Distressed Property Expert       

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Disclaimer: The information provided on this website should not be constituted as legal advice. The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified REALTOR®, attorney, and tax expert.

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