I believe 80% of people who are facing foreclosure can be turned around and put back on track! Most of these borrower just need to refinance to a lower fixed rate and pay off bad debt. Anyone can refinance! Refinance means paying off old high interest loan with a new loan that has lower interest rate. When you refinance you can pay off your mortgage, credit cards, auto loans, college loans, anything you want.

"You are not locked into that high interest loan! You have a choice!"

So you made a mistake and bought into those Option ARMs or your credit was bad last time you financed the loan. You can get out of that mess! Just refinance, refinance, refinance! There are many programs out there from no credit to excellent credit. Full documentation to no documentation and no verification of income whatsoever. It's out there! You just need to find it. Shop around and compare rates and options.

1. Know Your Credit Scores.
   
   Check your own credit history and scores. This is a must! You need to know what's going on with your credit and you need to know right now!

2. If you have equity in your home you should refinance! Example, You have a $200,000 loan but your home is worth $250,000. If you want to keep your credit history you should refinance. You can take some cash out to help with payments if you're unemployed. If you have credit cards and other loans try to pay them off by refinancing/cashout. Get rid of all that bad debt!

3. Compare Mortgage Loans & Rates From Top Refinance Lenders. No Fees. Get Free Quotes! Borrowers who shop around get best terms and pay lowest closing costs. There are many good websites that offer free quotes from 2-4 lenders. The best thing to do is apply at two or three websites and compare quotes.

4. Ask Ally if your deal is good! AskAllyQuestion@gmail.com (optional)

Ask Ally: If you have any questions at all or you are in deep sh*t and need help e-mail AskAllyQuestion@gmail.com