.png)
Posts
Good news!! Friday the Obama administration announced new initiatives to help homeowners, potentially refinancing millions of them into fresh government-backed mortgages with lower payments!
This program is also meant to reduce the payments of borrowers who are unemployed temporarily. Also they will encourage lenders to note the value of loans held by borrowers in modification programs to make their mortgages more affordable.
The government is under much pressure from Congress to resolve the foreclosure crisis, which is effecting our economy and also putting millions of American at fist for losing their homes.
No Taxpayer money will be used for these programs. They will be supported by funds from the Troubled Asset Relief Program which is a $50 billion dollar fund. This program is set to help up to 3-4million homeowners over the next few years.
www.campaign82realestate.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment