In March of this year, the Obama Administration authorized a new federal program to help stabilize the housing industry. The feds poured a mere $75 billion into the Making Home Affordable (MHA) mortgage program intended to avert further foreclosures, assist responsible home owners in retaining their homes and stabilize the nation's communities.
Vice President Biden recognizes "the sacrifices military families make for our country - in terms of deployments, but also moving several times in their career." "They often don't get to choose when they move and may be forced to sell their homes when they don't want to. The Department of Defense (DoD), with funds from the Recovery Act, is expanding its program to help its military families who have been forced to sell their homes at a loss," Biden adds. With $555 million devoted to the expanded Housing Assistance Program, this project aims to help service members who were forced to relocate due to base closures or usual assignment rotations.
Over the following three years, the program is on target to assist three to four million homeowners. Currently, over 230,000 trial modifications have been started; although, over 500,000 is the goal to have in process by November 1, 2009. What's interesting is that more than 85 percent of mortgage loans out there today are covered by participating service providers.
HARP assists homeowners who are current on their mortgage payments, but are not able to refinance their loans due to a decrease in their home's market value. Homeowners may be afforded the opportunity to refinance their mortgage to a lower interest rate and to a lower-risk loan solution, both of which are part of the program.
To check if you are eligible to apply for the Expanded Pentagon Housing Assistance Program, visit the Homeowners Assistance Program Website to learn specific program criteria and eligibility. Not eligible? No problem. The VA Loan Store is open to veterans who are keen on getting a home loan! The VA Loan Store was founded by veterans for veterans like you. So whether you need help in fixing your damaged credit, VA financing, applying for residential mortgage, we will try our best to assist you because here at the VA Loan Store, your satisfaction is our number one priority. We follow an easy five step solution to help you buy your VA home and we can guarantee to help you in every step of the way.
Vice President Biden recognizes "the sacrifices military families make for our country - in terms of deployments, but also moving several times in their career." "They often don't get to choose when they move and may be forced to sell their homes when they don't want to. The Department of Defense (DoD), with funds from the Recovery Act, is expanding its program to help its military families who have been forced to sell their homes at a loss," Biden adds. With $555 million devoted to the expanded Housing Assistance Program, this project aims to help service members who were forced to relocate due to base closures or usual assignment rotations.
Over the following three years, the program is on target to assist three to four million homeowners. Currently, over 230,000 trial modifications have been started; although, over 500,000 is the goal to have in process by November 1, 2009. What's interesting is that more than 85 percent of mortgage loans out there today are covered by participating service providers.
HARP assists homeowners who are current on their mortgage payments, but are not able to refinance their loans due to a decrease in their home's market value. Homeowners may be afforded the opportunity to refinance their mortgage to a lower interest rate and to a lower-risk loan solution, both of which are part of the program.
To check if you are eligible to apply for the Expanded Pentagon Housing Assistance Program, visit the Homeowners Assistance Program Website to learn specific program criteria and eligibility. Not eligible? No problem. The VA Loan Store is open to veterans who are keen on getting a home loan! The VA Loan Store was founded by veterans for veterans like you. So whether you need help in fixing your damaged credit, VA financing, applying for residential mortgage, we will try our best to assist you because here at the VA Loan Store, your satisfaction is our number one priority. We follow an easy five step solution to help you buy your VA home and we can guarantee to help you in every step of the way.
About the Author:
Learn more about keyword #1. Stop by John Roney's site where you can find out all about keyword #2 and what it can do for you.
0 komentar:
Posting Komentar