Jan
05
2016

Mortgage Help Extended!

Posted 5 years 161 days ago ago by SuperUser Account

This is just a quick reminder for homeowners who are struggling to make their mortgage payments for any number of different reasons.  The Federal government has extended two key programs designed to help struggling home owners relieve some of the burden of their mortgage payments.  These programs have been extended to the end of 2016, so please reach out to your lender and or local Real Estate agent to get more information to see if you are eligible for either of these programs.


HAMP

The Home Affordable Modification Program is designed to help homeowners by modifying the term on your mortgage, lowering the interest rate, and or providing a payment forbearance.  This program was designed ideally for those that are in danger of missing loan payments.


HARP

The Home Affordable Refinance Program is designed to help homeowners by allowing them to refinance their properties at a lower rate even though you may have no equity in the property.  This is an ideal program for those of you who may still be stuck with a high interest rate loan and haven't been able to take advantage of the lower interest rates over the past few years.   


Please don't look at these programs as a complete answer to the challenges that you may be currently having.  These are temporary solutions that still require a long term plan to restore both your mental and financial peace.  In some cases it may still be advantageous to sell your property proactively to ensure that defaulting on your mortgage never happens.  If you've had to miss some mortgage payments as a result of a life event, please consider a short sale or something similar in an effort to minimize the negative impact on your credit and confidence.  As a certified short sale foreclosure resource, I can work with you and your family to explore the different options available to you.  


-Tony T.



Recent Articles
Strategic Default 5 years 167 days ago
Mortgage Help Extended! 5 years 161 days ago
Goals, Goals, Goals, and more Goals 5 years 159 days ago
I'm still here.... 5 years 137 days ago
Needs vs. Wants 5 years 27 days ago
Is your personal residence an Asset or a Liability? 5 years 25 days ago
Interest Rates 5 years 6 days ago
Should I buy or Rent? 4 years 352 days ago
Subscribe
Local Real Estate News

Migration Study Finds Big Gains in Some Fla. Metros

Fri, 11 Jun 21 14:06:58 +0500

The study looked at net gain – people moving in vs. people moving out – and Fort Myers moved to No. 1 in the first quarter from No. 8 one year earlier.

HUD Restores ‘Affirmatively Furthering Fair Housing’ Requirement

Fri, 11 Jun 21 14:06:55 +0500

The rule suggests it’s not enough for communities to simply avoid blatant discrimination – they should also take affirmative action to further Fair Housing Act goals. The interim rule, effective July 31, reinstates fair housing goals first established in 2015.

12 Real Estate Groups Write Biden, Ask for Eviction Ban’s End

Fri, 11 Jun 21 14:06:37 +0500

The 12 groups – which includes NAR, bankers and landlords – applauded pandemic efforts but said it’s time for the eviction ban to end as scheduled on June 30, 2021.

4 Small-Business Innovations that Will Outlast the Pandemic

Fri, 11 Jun 21 14:06:14 +0500

New-business formation jumped 24% higher in 2020. The pandemic increased the use of digital tools and forced many biz owners to improve their internal systems.

Inflation Is Up – So Why Aren’t Mortgage Rates?

Fri, 11 Jun 21 14:06:01 +0500

Investors fear inflation and mortgage rates usually rise. But investors appear to believe the Fed when it says the U.S.’s current bout of inflation is only temporary.

Contact

 

Cecilio (Tony) Thomas

Future Home Realty

13029 W. Linebaugh Ave

Suite 101 Tampa, FL. 33626

727.207.2978

cecilio.thomas@IsItTime2Sell.com

"Your neighborhood Realtor..."