Today: October 21, 2018, 7:56 am
Finance Shows Homeowners How To Avoid Foreclosure & Eviction With Government Programs

The government has instituted the HAMP and HARP programs to help homeowners who are experiencing difficulty managing their monthly mortgage payments by arranging to have their mortgages modified by lower payments or interest rate, changing the terms, etc. The financial experts at can advise homeowners of their options when considering this course of action. 2015-09-02 23:23:58
The idea that someone could lose his home to his lender is just scary, and he may not know how to stop foreclosure and eviction from his house. That’s where comes in. This well-established website provides fiscal guidance and assistance such as information on the Making Home Affordable program that can save a person’s home. The initial consultation is free, so stop by the site to get things started. Ask about the following solutions:

• Making Home Affordable




What’s Making Home Affordable All About?

Back in 2009, the Obama administration created the Making Home Affordable program to help struggling homeowners keep their domiciles by showing them how to stop foreclosure and eviction. The program works through the Department of Housing and Urban Development (HUD) and through program-approved lenders. There are several components to the program, the most accessible of them to be discussed further on. All of them are available to help folks facing foreclosure.

Although these programs were designed to help consumers, they can be very confusing. The financial experts at Credit-Yogi .com are ready to make people aware of the options most beneficial to them considering their particular situation. Their service is at no cost or obligation. Complete this short information request form to get started

HUD Helpful Connections

To get to HUD, one can call the Federal Housing Administration (FHA), which is part of HUD, at 1-800-225-5342 (1-800-CALL-FHA). Two solutions to stopping foreclosure offered through them are the Principal Reduction Alternative (PRA), which urges lenders to reduce the principal of a mortgage by offering them incentives, and the FHA Forbearance for Unemployed Homeowners, which makes it possible for a troubled homeowner to not pay his mortgage for up to 12 months. For more information on this assistance, stop by and learn what else is out there.

Home Affordable Modification Program (HAMP)

HAMP is the most accessible of the MHA programs. Hundreds of thousands of homeowners have received this plan’s aid and kept their houses. By modifying one’s mortgage loan, it’s possible to stop foreclosure and eviction from one’s home. Modifying a mortgage means that changes are made to it that lower the payment. Some of these changes are reducing the interest rate or increasing the length of repayment period. Both of these are excellent ways to remain in one’s home.

Home Affordable Refinancing Program (HARP)

Similarly to HAMP, HARP lowers the monthly mortgage payment through the same methods HAMP does. However, this program is specifically crafted for those who are “underwater” in their mortgages. This means, as one could find out from with just one visit, that the house is no longer worth the amount the owner is paying for it. Refinancing (the “R” part of HARP) is the process by which one’s original mortgage loan is paid off and a new one is drawn up in such a way that the overall payment is less than it was prior to refinancing.

Don’t risk losing your home or being evicted because you didn’t understand the complexities of the process. will arrange a free, no obligation consultation with a mortgage professional to go over your options. Simply fill out this request form

About Us:

Fifteen years ago, was created to answer consumers’ needs to acquire accurate, rapid responses to their fiscal questions. Backed by the power of 260,000 financial and legal wizards, the website has continually met the demands of its visitors. For a no-cost preliminary consult, dial 1-866-964-9644. Call any time – even on a Sunday night.

Press Information
Oconco Marketing, Inc.
176 Brown Street

Pittsfield, MA 01201

PR Manager

Published by
Christy O'Connor

# 669 Words
Related Articles
More From Finance
Eximchain Launches First-of-Kind Platform Bringing the [..]
Eximchain launching mainnet on 5th October, 09:00 (EST) Boston, MA, and Singapore, Oct 4, 2018 - (ACN Newswire) - Eximchain, [..]
JCB and Nowcast to Release Updated Big [..]
TOKYO, Oct 2, 2018 - (ACN Newswire) - JCB, the only international payment brand based in Japan, and Nowcast, a [..]
Innovative Crowdsourcing Platform Das33 Now Open for [..]
Das33 Provides A More Secure Alternative to Existing ICOs LONDON, Oct 1, 2018 - (Media OutReach) - Das33, a revolutionary [..]
Greenstorc Launches on Das33's Groundbreaking Platform
Disruptive heat-to-power company is first ever company to debut on Das33 LONDON, Sept 27, 2018 - (Media OutReach) - Greenstorc [..]
Sberbank starts accepting JCB Cards
Moscow and Tokyo, Sept 27, 2018 - (ACN Newswire) - Sberbank, the largest bank in Russia, and JCB International Co., [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.