XM Loans - The Mortgage Optimizer

At some time or another, life will take us to the precipice of the abyss to challenge our soul's mettle. Pesently, many are finding themselves being taken to task as a result of the financial upheaval. However, if they keep their wits and refuse to panic, they will soon find a way to surmount all of their trials.

In this edition of our newsletter, we are supplying you with something which we hope you will never have need of. However, if you find yourself in financial dire straits, please continue reading and perhaps the solution you have been long waiting for might just be here.

We are writing to appraise you of our current circumstances as they affect our mortgage loan with your bank.However, please allow us to preface our comments by first saying that we have been employed with ACME Widget Company and Bohn Jull Ltd. for nine and ten years respectively. During the entire period of having a mortgage with ABC Bank (7 years) we have paid on time every month. Our obligation to your bank has always been a priority for us, and despite (the larger income earner) having lost my job, our commitment remains firm.

With that said, my wife and I, like many other families in the Bahamas have seen our lives negatively impacted by the current global economic downturn. As mentioned above, our household income has been reduced by more than seventy percent, from $6,500.00 per month to $1,755.00 as a result of the loss of my job. My resume has been sent to numerous companies in an effort to find employment, however many employers are reluctant to hire due to their eroded customer base and decline in revenues. Incidentally, we have not limited my job options only to those in my profession (engineer), as I am prepared to do whatever is available to support my family.

In view of the state of the economy, we have revised our family's budget to find as much surplus cash as possible. Included in our plan to keep our loans current, are removing our children from private school and cancelling all vacations and other non-essential spending. We therefore request your forbearance as our circumstances have been thrust upon us through no fault of our own. Moreover, we are confident that the current state of affairs will not continue indefinitely, and as soon as it changes our normal repayment pattern will resume. Mr. "Banker", we trust that you will favorably consider our request for an interest only repayment schedule, or some other similar device which will aid us in successfully navigating these challenging economic times.

In the meanwhile, should you need to discuss this further please find our contact information below. Otherwise, we look forward to your favorable reply.

From the President’s desk….

What's Next?

Every so often, it appears that we are beset with the newest flavor of microbes out to get us. A few years ago it was the bird flu and before that it was SARS.

Now, we are confronted with the newly styled swine flu or H1N1. While we are by no stretch of the imagination "conspiracy theorist", the alarmingly high number of new pandemics does give us pause. Either nature herself or something much more ominous has unleashed what can only be described as a sustained attack on humankind.

Fortunately, scientists are hard at work creating vaccines to save us from the latest iteration of bio-terror. At the same time, we are actively harvesting a crop of cerasee to ward off any ill effects of the H1N1, Bird Flu, SARS or Gulf War Syndrom and whatever else nature or her surroagates may conjure up.

Your monthly mortgage tip:

Secrets Lenders don't want YOU to know!

loanSecrets

Ask and you shall receive!

If you are having a challenging time with your loan, speak with your banker to let them know that you are in need of their help.

Assuming that you have a good repayment history, most banks will be agreeable to obliging your request. Do not neglect to contact your banker, the information you provide him with could be the difference between having your home or not. It is not your banker's responsibility to read your mind, tell him your plight so that he can do his best to help bring releif to your situation.

To find out how to get the best help from your banker, email us at info@xmloans.com

KNOW THE FACTS –BANKS CAN HELP YOU EVEN IN THE WORST OF TIMES IF YOU STATE YOUR CASE!

The material contained in this newsletter has been prepared by XM Loans Ltd. 404 Bay Street, PO Box N-4443, Nassau, Bahamas and independent feature contributors. The material provided is for informational and educational purposes only and should not be construed as investment, financial, real estate and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.

As your Trusted Advisor, we always want to make sure you are clear on all details of the home financing process. If you or someone you know are interested in purchasing or refinancing a home, give us a call today! XM Loans Ltd. is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. The Mortgage Optimizer does not grant to the recipient or distributor a license to any content, features or materials in this email. You may not download, or save a copy of any of the content except as otherwise provided in our Terms and Conditions.

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If you prefer to send your removal request by mail the address is Admin, XM Loans Ltd. P.O. Box N-4443, Nassau, Bahamas

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Intelligent System Solutions LLC
Solving Business Problems With Technology
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