Have you heard about the new program to help assist home owners that need help in order to avoid foreclosure. There are a lot of home owners that can no longer afford their payments due to various reasons. They would like to refinance to take advantage of the low fixed rates available today, in turn lowering their payments, but are not able to because the value of their home as gone down.
There are two programs that make up this initiative. The ‘Home Affordable Refinance’ program and the ‘Home Affordable Modification’ program. There are incentives for both the lenders and home owners to participate in the programs.
Click here to check out the details and see if this could help you out.
Wednesday, March 4, 2009
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This is a really interesting plan for me. I'm not so sure if it will work 100% well, but I hope it does at some point so that the millions of people who need help will be able to get it for their homes. I don't think anyone deserves to end up on the streets anyway.
ReplyDelete- Imee