Well if you haven't already heard, the government just released the Homeowner Affordability and Stability plan this past Wednesday. This plan gives the banks and financial institutions that hold your mortgage some incentives to help you refinance or modify your mortgage loan whether you are behind or current on your mortgage payments and even if you do not have sufficient equity required for a refinance. The government is going to pay the banks money for each successful loan mod or refinance. Once you have been granted a loan modification or refinance, as an incentive for you to keep making your mortgage payments on time the federal government will pay down your principal loan balance up to $1,000 a year for up to a five year period. The $5,000 will be applied towards reducing your principal after the 5 year period if you have continued to make your payments on time. It's FREE money from the government.
Don't miss out on this window of opportunity. Program begins March 4th 2009. Get your loan modified or refinanced soon!
To get started:
- Contact me for more information.
- Let's find out what your options are for your situation.
- Let's get to work and help you get a good night sleep.
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