Press Release for my new book
Simple Bankruptcy Recovery Plan From Consumers Advantage Mortgage Makes Home Buying Dreams Come True
New book spells out five of the most critical items a bank’s underwriters looks for in post-bankruptcy mortgage applicants.
For Immediate Release
GERMANTOWN, Md./EWORLDWIRE/Aug. 15, 2006 — With over 1.7 million Americans filing for personal bankruptcy - an all-time high in 2005 - Anthony Kirlew, founder of Consumers Advantage Mortgage wrote a book which is an essential guide to recovering from financial hardship and becoming a homeowner.
“Serious financial distress comes in many different shapes and from many different sources,” said Kirlew. “Having a plan to recover is essential in order to be in a position to get approved for a mortgage after having a bankruptcy or other major financial challenge.”
Financial experts have been advocating fiscal planning for decades but recovering from bankruptcy requires more than just an effective budget. According to Kirlew, buying the home of your dreams after bankruptcy requires knowing what to do with a discharge of debts, disputing erroneous credit scores, identifying a good sub-prime loan, establishing alternate credit, avoiding credit recovery scams and finding a reputable lender who will not overcharge.
Being prepared to obtain a mortgage after a bankruptcy involves knowledge about how to obtain the best rates and terms on a new mortgage. Having enough information and knowledge to reduce the interest rate by only 1/4 percent (.250 percent) can result in significant savings over time - on a $200,000 loan, the difference in 1/4 percent will save buyers over $12,000 during the life of a loan.
While today’s world of personal finance is complex and often frustrates individuals who are trying to recover from financial difficulties, most people don’t know that they have to be proactive updating the credit information with credit bureaus. “Whether or not a bankruptcy is shown as discharged vs. unknown status can dramatically impact a correct score.”
Credit scores are reported to three separate credit agencies which results in inaccuracies - agencies are not motivated to ensure scores are accurate. Mr. Kirlew pointed out that “inaccurate credit scores can hinder approval for a home loan or can result in higher rates and fees due to a perceived higher risk by the underwriter.”
“People don’t have to become mortgage experts to buy the home of their dreams, but there is critical information that they need to know to recover from a bankruptcy,” said Kirlew, “The Bankruptcy Mortgage Book is a concise, easily readable action plan that makes the complex process of fiscal recovery easy to understand.” The book is in the final editing stages and is scheduled to be released this fall.
The Bankruptcy Mortgage Book is currently offered at the pre-publication price of $25.00 and will sell for a suggested retail price of $39.00; a copy of the book can be pre-ordered at www.thebankruptcymortgagebook.com and all pre-ordering customers will receive a 60-day Action Plan along with a free consultation from a bankruptcy mortgage specialist to help them on the road to recovery and put them closer to home ownership.
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CONTACT:
Anthony Kirlew
Consumers Advantage Mortgage
19729 Executive Park Circle
Germantown, MD 20874
PHONE. 301-520-9931
FAX. 240-465-0477
EMAIL: anthony@atozlender.com
http://www.consumersadvantagemortgage.com
SOURCE: Consumers Advantage Mortgage
Original post by AnthonyK