Reduce Your Monthly House Payment

Contact your lender or pay a visit to the bank to see what can be done to reduce you monthly payments.

Sell Home Fast – New Orleans LA: There are a couple of ways in which you can help to reduce your monthly mortgage payments. If you are like many American families today it’s getting more and more difficult to make ends meet. You want to maintain home ownership because it makes more sense than throwing your money away each month to someone else so they can pay their mortgage on the property.

If your payment is getting too big for you to handle or if your circumstances have changed since you first took out your loan, you can attempt to do something about it. The first thing would be to call your lender or pay a visit in the bank that gave you your loan. Tell them you are interested in seeing what can be done about reducing your monthly payments. They may suggest a refinance or a modification of your loan.

“Each percentage point of interest costs you more in monthly payments so getting that reduced can actually be quite a bit of difference to your monthly payments.”

A refinance would be a possible option if your credit is great. If it’s better than what it was when you took out your loan you may be eligible for a better interest rate. Each percentage point of interest costs you more in monthly payments so getting that reduced can actually be quite a bit of difference to your monthly payments. The loan will also cost you less over the life of the loan with a smaller interest rate.

Interest rates are based on the way the bank sees your ability to pay them back. The higher the risk you represent, the higher the interest rate as they are taking a bigger chance on you than if you had solid income and a great credit history. Often when a family needs to reduce their monthly payments it’s because you have less resources to help you pay your obligations, making you a higher risk to the lender.

In that case, you may be eligible for a loan modification. In this instance the lender can choose to give you a modified loan but there are qualifiers that you must meet. Job loss, injury, major illness and surgeries, and death in the family are examples of situations that have happened at no fault of your own and they may be willing to work with you so you can maintain your home. Running up your credit cards doesn’t count as a family emergency. They would rather do this where possible than have you default, which means they won’t be paid back for their loan.

We Buy Houses in Louisiana

Do not spend the time or money repairing your home and getting it ready to show…. We will buy your home “As Is” so you don’t have to do the work. We are as serious about buying your house as you are about selling it. Selling a house is usually an expensive and complicated process. That’s why real estate agents make thousands (sometimes tens of thousands) of dollars on a single sale. But, when we buy your house, there are no commissions to pay and best of all there is no “waiting” involved.

Call us today at 985-441-9733 and leave a message on our 24 hour recorded message line. Or Visit us at and fill out our online seller questionnaire.

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