Home Affordable Modification

by Kate Ford

Hi, Kate Ford here with Home Affordable Modification news. In many cities across the United States, the real estate market has suffered for several years. I'd be foolish to dispute the declining home values.

In spite of this and even though my crystal ball felt out of sorts last year, I believe 2010 brings hope for you, for me, and for homeowners across the nation.

Making Home Affordable Programs

By now, you've probably heard of HARP. And for those who haven't, not the musical instrument! HARP also has a related program but not for refinancing.

While HARP is short for Home Affordable Refinance Program, HAMP stands for Home Affordable Modification Program.

Long story short, HARP and HAMP are buzzing because of the hope the programs offer homeowners whose mortgages exceed property values. Good news, some people are discovering assistance in HARP and HAMP. Yet others, not so much.

Take for instance, Paul from Virginia. His mom applied for a Home Affordable Modification but was told she had too much equity in her property.
"Lucky her," many folks muttered after their last round of plummeting real estate values. "At least she has equity."

However when you find out about her current mortgage payment, well, keep reading but I'm sure you can already see the handwriting on the wall.

Best Wishes for the New Year,

Ask Kate how to get the best mortgage rates
Ask Kate

PS Spread The Word

With that I am signing off until next time. But let me leave you with another thought. I depend on word of mouth! I hope you'll spread the word by sharing my websites with your friends.

Copy my web addresses to paste them into your email:

Remember, you can Ask Kate YOUR question right here too.

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Comments for Home Affordable Modification.

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Great idea.
by: Kathy

This is an excellent idea. Thanks for posting it.

Click here to add your own comment.

You can also ask Kate about your mortgage at Refinancing Advice The Nuts and Bolts.

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