Home Affordable Modification
by Kate Ford
(Get-Your-Best-Mortgage-Rate and Prime-Real-Estate-Articles)
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.
More About Paul's Mother
Please read the letter from Paul on behalf of his mom. Click on this link which will take you directly to his letter on my website Prime-Real-Estate-Articles -- Paul's Mom and Home Affordable Modification. It will touch your heart. It might remind you of a loved one or even your own situation.
While you're there, I hope you'll leave a comment for Paul and his mom or ask a question of your own.
Best Wishes for the New Year,
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:
www.get-your-best-mortgage-rate.com
and
www.prime-real-estate-articles.com
Remember, you can Ask Kate YOUR question right here too.
Return to the home page from Home Affordable Modification
Comments for
|
||
|
||
Quit Borrowing From Dad
Need another car? Home improvements? Debt consolidation?
Money is still tough to get from banks (and Dad too).
Use peer to peer lending instead!
Follow My Blog
Free and easy!
Search My Site
Get answers!
Do-It-Yourself Loan Modification
$1000 or $39.99 - Which is right for YOU?
Not sure? Answer these 5 questions to find out.
The Freedom You Want Is Waiting For You
Come join us. Let's do this together.
There is a successful entrepreneur in all of us. Unlock Yours here.
How I Make Money
I finally came to grips with closing my mortgage company.
But I still wanted and needed to make money!
UNIQUE Mortgage Tips and Solutions From Kate
Discover Kate's Best Mortgage Blog today. Keep up to date on what's new about mortgages and additional tips to unlocking the secret code of mortgage lending.
Where to find your best best mortgage advice or not!
What to do if your mortgage loan approval begins to hiccup.
How much can you afford in a mortgage payment and why your lender doesn't know.
Eliminate guess work and last minute surprises from buying a home with mortgage pre approval.
Discover how to compare mortgage closing costs to get the best rates for the least cost.
Why you should always compare mortgage interest rates - Because the lowest rate may not be your best deal.
How to know when to lock mortgage rates - You deserve reliability and peace of mind, don't you?
This expert online mortgage advice is guaranteed to make you a savvy mortgage shopper.
Nitty gritty mortgage interest rate lock agreements and why you also need a good faith estimate.
Ask Kate For Solutions - Ask a question to get an answer from Kate.