Many people are finding it hard to refinance their mortgage loans, as their mortgage balance is already significantly more than that of the property. If you land up in such a situation, then you can consider two government programs under the Making Home Affordable Scheme – HARP (Home Affordable Refinance Program) and HAMP (Home Affordable Modification Program). [Read more…]
Home Affordable Modification Program & Home Affordable Foreclosure Alternatives
The Obama government has stepped in once again to aid home owners burdened with mortgages that they can not afford. According to recent studies, almost a quarter of all US mortgage holders are overextended on the loan with dues exceeding the actual recoverable value of their home. [Read more…]
