“The plan will help up to 7 to 9 million families restructure or refinance their mortgages to avoid foreclosure.”
Don’t have enough equity to refinance or are you completely upside down in your home loan? Or has your income changed, keeping you from qualifying for your current loan? The government is here to help. At least, that’s the idea.
The new Homeowner Affordability and Stability Plan will help homeowners that don’t currently qualify for standard refinancing options. This includes people who have less than 20% equity in their home or owe more than their home is worth. There isn’t much information out about the program yet, but they are planning on releasing more details on March 4th. For now check out these links or give me a call at 208-631-3545.
