FHA Hope For Homeowners Loan
Ranked #186,010 in Business & Work, #1,307,631 overall
The FHA Hope for Homeowners Loan was recently created by Congress to help American Homeowners Stop Foreclosure. This new FHA H4H Loan Program is a real option for homeowners looking to avoid foreclosure or provide debt relief from late mortgage payments.
Hope For Home Owners Help Line 1-800-857-1945
On the Road To Foreclosure? Here's a Rescue.
(Recent article from The Palm Beach Post newspaper)
Saturday, October 11, 2008
Finally there is some federal help for people in danger of losing their homes.
Created by Congress, the Hope for Homeowners (H4H) program is aimed at helping homeowners who are "upside down" (owe more than the house is worth) in mortgages they can't afford. Under the three-year program which began October 1, qualified homeowners will be given new fixed-rate loans with affordable payments. Lenders who offer this program will take losses but would still get some return and avoid costly foreclosure proceedings.
Here's how H4H works and who qualifies:
Your mortgage must have been issued before January 1, 2008.
You must be spending 31 percent or more of your gross monthly income on mortgage payments.
You can be up-to-date or in default on your payments but must prove that you can't keep paying your current mortgage. Also, you can not have intentionally defaulted on a previous mortgage or own other residential real estate.
Homeowners who qualify will get a new mortgage with more affordable payments. The new mortgage will be set at 90 percent of current appraised value - not the balance on the old mortgage. As a result, if you have an H4H loan, you will immediately accrue 10 percent equity in your home.
Instead of handing in your keys to the bank and walking away from your home, HOPE for Homeowners may offer an immediate solution and help stabilize the real estate market. See any licensed FHA lender for details.
-Barbara Marshall
The Palm Beach Post
Saturday October 11, 2008
Finally there is some federal help for people in danger of losing their homes.
Created by Congress, the Hope for Homeowners (H4H) program is aimed at helping homeowners who are "upside down" (owe more than the house is worth) in mortgages they can't afford. Under the three-year program which began October 1, qualified homeowners will be given new fixed-rate loans with affordable payments. Lenders who offer this program will take losses but would still get some return and avoid costly foreclosure proceedings.
Here's how H4H works and who qualifies:
Your mortgage must have been issued before January 1, 2008.
You must be spending 31 percent or more of your gross monthly income on mortgage payments.
You can be up-to-date or in default on your payments but must prove that you can't keep paying your current mortgage. Also, you can not have intentionally defaulted on a previous mortgage or own other residential real estate.
Homeowners who qualify will get a new mortgage with more affordable payments. The new mortgage will be set at 90 percent of current appraised value - not the balance on the old mortgage. As a result, if you have an H4H loan, you will immediately accrue 10 percent equity in your home.
Instead of handing in your keys to the bank and walking away from your home, HOPE for Homeowners may offer an immediate solution and help stabilize the real estate market. See any licensed FHA lender for details.
-Barbara Marshall
The Palm Beach Post
Saturday October 11, 2008
Hope For Homeowners Loan News:
The New FHA Help for Homeowners Loan (H4H) has just been created by the US Government to provide aid to thousands of US Homeowners that may be facing foreclosure in this difficult economic time. In many cases, the principal balance is acutally reduced to 90% of the current appraised value instantly providing equity back into the home. This program is a dream come true for anyone who is "upside-down" on thier mortgage or owe more than the house is worth.
Here is an information line where you can see if you qualify and ask any questions you may have about this great new program: 1-800-857-1945
- Struggling Floridians Line Up for Mortgage-Mending
- Then 2800 homeowners turned up at one in Atlanta, said Brad Dwin, a spokesman for another of the event's sponsors, the Hope Now Alliance. Risotto estimated that one-fourth of those in attendance would qualify for loan modifications, and the rest would ...
- The National Association of Real Estate Brokers Launches 25 City, $1.2 Billion ...
- 23, 2012 /PRNewswire via COMTEX/ -- The National Association of Real Estate Brokers, Inc. (NAREB®) is proud to announce the launch of a 25-City, $1.2 billion REO and non-performing loan foreclosure mitigation program called the Homeowner's Assurance ...
- The National Association of Real Estate Brokers Launches 25 City, $1.2 Billion ...
- ES/ ? The National Association of Real Estate Brokers, Inc. (NAREB®) is proud to announce the launch of a 25-City, $1.2 billion REO and non-performing loan foreclosure mitigation program called the Homeowner's Assurance Program (HAP).
- Ocwen Reports EPS of $0.71 for 2011 Up 97% Over 2010, Net Income of $78.3 ...
- We remain committed to reducing losses on the loans we service and helping homeowners stay in their homes through sensible loan modifications." Chairman William Erbey stated, "The imminent execution of an asset sale to HLSS is an important milestone in ...
Who benefits from the FHA H4H?
If your mortgage payments have becom unaffordable or you owe more than your home is worth, do your self a favor and find out how the FHA Hope for Homeowners Loan Program can lower your payments and cut your principal balance down!
Free Help Line:
Call the Hope for Homeowners Help Line: 1-800-857-1945
Get all of your questions anwered for free and see if a Hope for Homeowners Loan can help you!
Get all of your questions anwered for free and see if a Hope for Homeowners Loan can help you!
by hopeforhomeowners
hopeforhomeowners
FHA Hope For Homeowners Mortgage Loan Program
- 0 featured lenses
- Winner of 2 trophies!
- Top lens »
Feeling creative?
Create a Lens!
