Not exact matches
A streamlined lending process, coupled
with easy online access, allows customers to instantly qualify for no money down
loans with fixed interest rates and multiple
loan term
options for both home solar equipment and various home improvement
modifications like energy efficient doors, windows, roofing and HVAC systems.
Our Housing Counselors work
with mortgage companies and servicers on
loan modifications, short sales and deed - in - lieu of foreclosure agreements, to name a few of the different available loss mitigation
options.
With housing prices continuing to fall across the country, refinancing these mortgages is often not an
option, making
loan modifications the most viable strategy.
As it was just simply way too much house and not what we wanted for ourselves anyway (and, actually, being stuck
with the entire, very expensive mortgage payment was not an
option), we opted to strategically default and put it on the market as a short sale after being denied a
loan modification that might've made it affordable for us to stay.
[3] The student lending market currently is marked by a lack of consumer protections or
loan modification options for borrowers who are struggling
with their debt or who may not have a clear understanding of the best repayment
options available to them.
A streamlined lending process, coupled
with easy online access, allows customers to instantly qualify for no money down
loans with fixed interest rates and multiple
loan term
options for both home solar equipment and various home improvement
modifications like energy efficient doors, windows, roofing and HVAC systems.
Worked
with lenders to determine all Loss Mitigation
options i.e.
loan modifications, pre foreclosure
Negotiate agreements
with bank administration,
loan modifications and pre-foreclosure
options saving homeowners 30 % on average on their monthly mortgage payment due to financial hardship.
With most banks offering owners the
option of short sales and deed in lieu of foreclosure,
loan modifications may be the worst
option for you.
the amount you owe on your first mortgage for your property is equal to or less than: $ 729,750 for 1 unit $ 934,200 for 2 units $ 1,129,250 for 3 units $ 1,403,400 for 4 units you owe more on your home than it's worth your current mortgage was taken out on or before January 1, 2009 you are experiencing a hardship (such as a job loss, divorce or medical emergency) and are unable to afford your current home
loan (For
loans not owned by Fannie Mae or Freddie Mac) All servicers that have signed agreements
with the U.S. Department of the Treasury (Treasury) to participate in the Home Affordable
Modification Program (HAMP) must consider eligible borrowers who do not qualify for HAMP for other foreclosure prevention
options including the Home Affordable Foreclosure Alternatives program which includes short sale and deed - in - lieu.