Today: October 24, 2018, 12:41 am

The Experts at Explain How to Apply for the Obama HAMP Program to Avoid Foreclosure

You Are Never Alone With Credit-Yogi
You Are Never Alone With Credit-Yogi
Credit-Yogi is part of a family of sites that have been offering free advice to consumers since 1999. With a database of over 160,000 financial and legal professionals, help is just a call or click away. 2015-12-15 18:48:19
Foreclosures have gone through a decrease over the past decade, but that doesn’t mean they don’t still happen. People who have recently gone through divorce or financial setbacks sometimes have to face the possibility of losing their homes to their lenders. However, the Obama administration has devised a stop foreclosure program for all of these folks. is here to explain them and how to access them, including:



• HUD Assistance

• Local Lender Options

Home Affordable Modification Program

The Home Affordable Modification Program (HAMP) has been around since 2008. One thing that has not changed is the effectiveness of this program’s stop foreclosure help. For folks who’ve lost one household income or who’ve had a long-term medical issue crop up, HAMP can modify a mortgage so it has a lower interest rate or a longer repayment term, both of which lead to a lower, more affordable payment. Apply for HAMP with any participating lender.

Home Affordable Refinance Program (HARP)

When a mortgage loan is refinanced, it is paid in full and a new one is crafted. The new one will have better terms, lower interest, or reduced principal, making it easier to handle. An applicant must be current on his mortgage and have been unable to obtain a conventional refinance due to his home’s value having decreased. This stop foreclosure program is open to almost anyone, and can be accessed through lenders that are enrolled in it.

If you are considering refinancing your mortgage can recommend reputable mortgage lenders in your area to compare rates and quotes as well as advise you of your options. Simply fill out this request form to get started.

Help from HUD

Through the Making Home Affordable program, the Department of Housing and Urban Development (HUD) is able to offer people in need some excellent stop foreclosure help. looked into this foreclosure prevention plan and found that it provides different options for specific problems. For example, someone can apply for the Principal Reduction Alternative (PRA), which is meant for those whose homes are worth much less than what they owe on them. HUD also provides help to recently unemployed homeowners. Check the HUD website for more details.

Don’t face this dilemma alone. Credit-Yogi will arrange a free, no-obligation consultation with a mortgage professional in your area who will advise you all of the legalities that apply to both you and the mortgage company. Simply complete the information request form and Credit-Yogi will do the rest.

Area Lender Choices

Local banks may offer a stop foreclosure program such as refinancing or modifying a mortgage, but it may not be one’s original lender that does it. Many times, for reasons of their own, original financers do not wish to refinance or make changes to (modify) the mortgages they wrote and approved. In such cases, a borrower will need to look to other lenders. There are different banks, credit unions, and mortgage companies that are willing to help those seeking these options. Be sure to put some time into comparing rates and terms to find the very best, lowest ones.

Created in 2004, took aim at one goal – to supply accurate, rapid responses to the financial questions of consumers. With a database of over 160,000 legal and financial professionals, the website has steadily succeeded in meeting that goal, resulting in endless repeat customers. To obtain a cost-free preliminary conference, dial 1-866-964-9644, any time 7 days a week.

Press Information
Oconco Marketing, Inc.
176 Brown Street

Pittsfield, Massachusetts 01201

PR Manager

# 626 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.