Hello. My name is Erik Martin and I am a writer with The Mortgage Reports website (www.themortgagereports.com). I’m looking to interview mortgage/lending professionals, financial industry experts, real estate agents, and other housing experts for the following story:SKIP YOUR MORTGAGE PAYMENT TO HELP PAY FOR HOLIDAY EXPENSES: This article will explore a creative strategy whereby you can skip your mortgage payment for a month – to help pay for upcoming holiday expenses – if you refinance. Below is a list of questions I’m seeking answers to. I can either conduct a phone or email interview (with the latter, please email me back full-sentence written responses that I can use as quotes). My deadline is noon central time, Monday, November 28.
QUESTIONS:1. How is it that borrowers get to “skip” there mortgage payment for a month or longer when they refinance? What are details at work here that allow them to postpone a mortgage payment during/immediately after a refi, and for how long?2. What does “skipping” a mortgage payment via a refi really mean? Explain how this doesn’t necessarily mean they will owe less – instead, they’re likely just kicking one month’s payment down the curb.3. Why might refinancing be a good strategy to consider now in order to help pay for upcoming holiday gifts/celebrations/expenses? How can it be timed right so that borrowers get a limited grace period in which they don’t have to pay a monthly mortgage before/during the 2016 holiday season?4. How/why can pursuing a cash out refi be a good option for borrowers seeking extra holiday cash? What should they be considering/doing here?5. Who are the best candidates who should be considering a refi or cash out refi right now? What steps should they be taking, in order, to pursue/secure a refi right now?6. Instead of pursuing a refinance, should borrowers be considering taking out a home equity loan or HELOC? Why/why not?7. Is there a better financial strategy or helping to save/secure extra funds for holiday expenses instead of a refi/home-equity loan/HELOC? Please provide details.8. Any other thoughts, tips or suggestions on this topic?9. What is your full name, title, company, city/state location, and email address?
Keywords
mortgage/lending professionals, financial industry experts, real estate agents
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