Federal Homeowner Bailouts Don’t Work as Planned
By House Selling Tips
Sell Home Fast - Northumberland County PA: Contacting your own lender directly is a much better choice for those who may be struggling and want to try to modify your mortgage loan. The Federal government did have a mortgage modification program running to try to help homeowners in financial difficulty to get their loans rewritten with a modified payment amount. The truth behind this program is that if you have a large mortgage loan of up to about ¾ million dollars and have almost no equity, then you may qualify for the help. They will either extend your time to pay the mortgage loan back or they will reduce your interest rate, making your payments less each month. You must make enough money to satisfy their requirements so they know you can actually make the payments if they go through ...