Lighthouse List Company can help you target homeowners who have mortgages with an adjustable interest rate, option ARM or pick a pay rate that will re-set in the coming months.
According to the Mortgage Brokers Association, 25% of the mortgage market is comprised of Adjustable Interest Rates, and most of them belong to people with subprime credit ratings who accepted these loan programs.
These prospects are uncertain about the future of their homes. Many are upside down in value, so loan modifications, short sales or bankruptcies are their only options.
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