President Obama's loan assistance programs created to assist homeowners halt foreclosure convey been extended. The 12 mortgage relief programs volition non cash inwards one's chips until Dec 31, 2013. These programs are designed to assist American homeowners brand domicile affordable together with avoid foreclosure.
MHA allows struggling homeowners to refinance, restructure or alter involvement rates together with terms, bring down monthly mortgage payments, together with or bring down loan principle. The 12 loan assistance programs are listed below.
- Hardest Hit Fund
- Home Affordable Modification Program
- Home Affordable Unemployment Program
- FHA Refinance
- Home Affordable Refinance Program
- FHA Second Mortgage Modification
- Home Affordable Foreclosure Alternatives
- Principle Reduction Alternative
- FHA Loan Modification
- Special Loan Servicing
- Veterans Loan Modification
- Home Affordable Unemployment Program
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