Equity Resource Solutions, Inc. (ERSi) has been involved with Mortgage Banking since 1997 and Debt Settlement since 2001.

Since the beginning of 2002, we had been searching for a more consumer friendly association between the Mortgage and Debt Settlement Industries.  Under the current association, a consumer enrolls on a Debt Settlement Program and has to wait for a year to four years to improve their debt situation to the point that they are eligible for a loan that may or may not have a competitive interest rate.

Equity Resource Solutions, Inc. acts as a Consultancy source for consumers regarding their debt, home finance and other financial needs.

With the Equity Resource Solutions, Inc. Debt Settlement Refinance and Debt Settlement Home Finance programs, consumers will become eligible for more competitive interest rates much sooner.  Please see the examples below.

WE ARE CURRENTLY RE-TOOLING OUR PROGRAM.  PLEASE FEEL FREE TO CALL WITH ANY QUESTIONS.

How the Program Works*

ERSi fully enlightens the Consumer as to Debt Settlement - all of the pros and all of the cons.

Once this enlightenment is completed, the Consumer then makes an educated decision as to their debt situation.

Once they have been fully enlightened and qualified, the Consumer is enrolled on a Debt Settlement Program.

Home Owners are submitted for a refinance.  As soon as the Home Owner’s loan has funded, sufficient funds for the settlement of their debt are made available to the Debt Settlement Company, who will then make payments based on negotiated settlements with the Consumer’s Creditors.

Non Home Owners are simply enrolled on a Debt Settlement Program, as there is no home equity to utilize toward settling their debt.

Once the settlements have all been paid, the Consumer is then enrolled with a Financial Planning Firm that will then assist the Consumer in planning their “financial road map” to retirement (or any other financial goal the Consumer desires).  This financial plan, if strictly followed by the Consumer, will make it easier to avoid falling back in to a similar situation in the future.

Once the Consumer’s Creditors have had sufficient time to update the Consumer’s Credit Report (usually 90-120 days), the settlement letters are then forwarded to a firm that will assist in getting the Credit Report to reflect maximum accuracy.

After this “Credit Clean-up”, Non Home Owners are then processed for a Purchase Loan with a more competitive interest rate.

*Equity Resource Solutions, Inc. is not a Mortgage Broker or lending institution, and is not licensed as such in any state.  Equity Resource Solutions, Inc. is not a Debt Settlement Company, nor is it a Financial Advisor.  Equity Resource Solutions, Inc. is a Debt Settlement Home Finance Consultancy Firm and arranges for Consumers to be enrolled with those types of companies so as to save time and effort on the part of the Consumer in achieving their financial goals.