| EQUITY FIFTY-FIVE REAL ESTATE THE MIKE FIX TEAM |
 | |  | |  | |  |
Contact The Team!
Mike Fix - 618-210-8087
Charlene Huegen - 618-334-5381
themikefixteam@equity55.com
Meet The Team
Get information on the members of
the Mike Fix Team. They are here to
help you with your Real Estate needs
Buyers/Sellers
Need some information on buying or
listing your home? Check out our
Buyers & Sellers pages with a variety
of information to help you get started
or answer some of your questions.
Newsletter
Equity Fifty-Five Inc
Clinton County
Illinois School Report Card
Mike Fix - 618-210-8087
Charlene Huegen - 618-334-5381
themikefixteam@equity55.com
Meet The Team
Get information on the members of
the Mike Fix Team. They are here to
help you with your Real Estate needs
Buyers/Sellers
Need some information on buying or
listing your home? Check out our
Buyers & Sellers pages with a variety
of information to help you get started
or answer some of your questions.
Newsletter
Equity Fifty-Five Inc
Clinton County
Illinois School Report Card
ATTENTION RENTERS!!!!!
Think you can only afford to rent?
Feel like you’re throwing away money each time you pay your rent?
Let us see what we can do to change that!
With all the 100% financing programs and the government loan programs now available, you
maybe able to make a house payment of equal to or less than your rent payment.
Call or E-mail for more information on different programs or the names of some lenders that
can assist you.
Think you can only afford to rent?
Feel like you’re throwing away money each time you pay your rent?
Let us see what we can do to change that!
With all the 100% financing programs and the government loan programs now available, you
maybe able to make a house payment of equal to or less than your rent payment.
Call or E-mail for more information on different programs or the names of some lenders that
can assist you.
Finding yourself having a difficult time meeting your payments or falling behind on your
payments, maybe due to job loose, job lay offs, etc?
Think not contacting your lender will help?
Think ignoring the situation will make it go away?
Think no further and read the following.
While it is never easy to play catch-up when you find yourself falling behind, it can be done!
First and foremost…..DO NOT ignore calls from your lender. Actually, do quite the opposite.
The FIRST thing you should do is contact your lender and explain to him/her what happened
and what is going on. Contrary to popular believe, your lender will be sympathetic and listen
and probably understand your situation and they will try to help you work things out.
If you find you are unable to come to an agreeable arrangement and find that the only solution
is foreclosure, let us help. Lenders tend to work with you a bit more if you agree to contact an
agent to get your house listed right away. And working with you while you still have control
makes the process a lot easier.
To get started, give us a call or drop us an E-mail. We will set up a time to talk with you and
explain the process and get things started.
payments, maybe due to job loose, job lay offs, etc?
Think not contacting your lender will help?
Think ignoring the situation will make it go away?
Think no further and read the following.
While it is never easy to play catch-up when you find yourself falling behind, it can be done!
First and foremost…..DO NOT ignore calls from your lender. Actually, do quite the opposite.
The FIRST thing you should do is contact your lender and explain to him/her what happened
and what is going on. Contrary to popular believe, your lender will be sympathetic and listen
and probably understand your situation and they will try to help you work things out.
If you find you are unable to come to an agreeable arrangement and find that the only solution
is foreclosure, let us help. Lenders tend to work with you a bit more if you agree to contact an
agent to get your house listed right away. And working with you while you still have control
makes the process a lot easier.
To get started, give us a call or drop us an E-mail. We will set up a time to talk with you and
explain the process and get things started.
| WE CAN SHOW YOU ANY PROPERTY NO MATTER WHO HAS IT LISTED |
After a recent visit from a lender and discussing the economy and houses issues, we would
like to “enlighten” you on home equity loans and credit card issues.
There are times when using a credit card is a must. For emergencies or when traveling and
caring cash isn’t a good idea. Why not, better yet, use your debit card! The money comes
directly out of you checking account and there is no interest.
Sometime ago there was a discussion on TV with a gentleman from a credit card company
and a financial person. When asked about the high interest rate and the fact that interest rates
can be increased at any time, the representative said, we find that when we raise the rate,
people pay off the balance faster! The financial person couldn’t believe his ears and asked
him to repeat what had just been said, and the rep repeated the same statement.
Credit cards: When you get the “you are approved for a credit card”, throw it away. There are
usually teaser interest rates that do not last long, and after a few months, the interest rate
shoots way up. This is usually stated in the very fine print.
Balances: While the credit card companies say they are helping consumers and the economy
by raising the credit limit, they are only helping by digging the consumers in deeper. You can
ask for your limit to be lowered. You can call, but the people working for the companies are
trained to talk you into more, not less credit. Write them a letter, be sure and date it, ask them
to reduce your credit line to XXX, sign it and be sure and keep a copy for yourself. If you do not
notice that your limit has been reduced in the next billing cycle or two, send it again. Be
persistent.
Paying it off: Always pay more than the minimum required. Doubling the minimum is a good
thing. Your interest is based on the current balance, so get it reduced as soon as possible.
You are only making the credit card companies richer when paying the minimum, that is why
they stress that you only have to pay XXX a month.
Another option people use to pay off their credit cards and other bills, is a home equity loan.
While this is a possibility, and the interest is tax deductible, if you pay off the credit card, but
continue to use it and continue running it up to the limit, all you’ve succeeded in doing is
getting yourself further in debt and getting yourself upside down on your mortgage.
Remember: the home equity loan will also have to be paid off at the time you close on the sale
of your home, be sure and include that loan with your mortgage pay -off form. Why not, when
you pay off the card, cut it up and get rid of it? Having one (1) card should be enough to get you
by in an emergency.
Referring back to the lender, she stated that in her research, the housing issues now facing
Americans didn’t start with the sub prime lenders, but with credit cards!
like to “enlighten” you on home equity loans and credit card issues.
There are times when using a credit card is a must. For emergencies or when traveling and
caring cash isn’t a good idea. Why not, better yet, use your debit card! The money comes
directly out of you checking account and there is no interest.
Sometime ago there was a discussion on TV with a gentleman from a credit card company
and a financial person. When asked about the high interest rate and the fact that interest rates
can be increased at any time, the representative said, we find that when we raise the rate,
people pay off the balance faster! The financial person couldn’t believe his ears and asked
him to repeat what had just been said, and the rep repeated the same statement.
Credit cards: When you get the “you are approved for a credit card”, throw it away. There are
usually teaser interest rates that do not last long, and after a few months, the interest rate
shoots way up. This is usually stated in the very fine print.
Balances: While the credit card companies say they are helping consumers and the economy
by raising the credit limit, they are only helping by digging the consumers in deeper. You can
ask for your limit to be lowered. You can call, but the people working for the companies are
trained to talk you into more, not less credit. Write them a letter, be sure and date it, ask them
to reduce your credit line to XXX, sign it and be sure and keep a copy for yourself. If you do not
notice that your limit has been reduced in the next billing cycle or two, send it again. Be
persistent.
Paying it off: Always pay more than the minimum required. Doubling the minimum is a good
thing. Your interest is based on the current balance, so get it reduced as soon as possible.
You are only making the credit card companies richer when paying the minimum, that is why
they stress that you only have to pay XXX a month.
Another option people use to pay off their credit cards and other bills, is a home equity loan.
While this is a possibility, and the interest is tax deductible, if you pay off the credit card, but
continue to use it and continue running it up to the limit, all you’ve succeeded in doing is
getting yourself further in debt and getting yourself upside down on your mortgage.
Remember: the home equity loan will also have to be paid off at the time you close on the sale
of your home, be sure and include that loan with your mortgage pay -off form. Why not, when
you pay off the card, cut it up and get rid of it? Having one (1) card should be enough to get you
by in an emergency.
Referring back to the lender, she stated that in her research, the housing issues now facing
Americans didn’t start with the sub prime lenders, but with credit cards!
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