HOPE for Homeowners Loan Modification Workout Program
By Jason Kardos, MtHelixLifestyles.com Real Estate Broker
(Mt Helix Lifestyles)
FREE Lowes 10% Coupon and Termite Reports at www.JasonKardos.com HOPE for Homeowners Program What is the HOPE for Homeowners Program? This is a new program for borrowers at risk of default and foreclosure. The program provides new, 30-year or 40-year, fixed rate mortgages that are insured by the Federal Housing Administration (FHA). It may help you refinance your mortgage into a more affordable payment. H4H is voluntary. Both lender(s) and borrower(s) must agree to participate. When does H4H Begin? The program begins October 1, 2008 and ends September 30, 2011. Who is eligible? You should contact your lender to determine eligibility, but you may be eligible if, among other factors: •· The home is your primary residence, and you have no ownership interest in any other resident...
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