A new program modifies the Making home affordable program and the FHA’s own refinancing programs, allowing FHA lenders to offer FHA refinancing loans that forgive at least 10% of a qualifying borrower’s original mortgage principal.
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Being upside down in your mortgage is not an enviable position and when you find yourself in this predicament, it can be discouraging. When you owe more money than your house is worth, it can make you feel trapped. If you are upside down in your mortgage, the government has programs that can. harp mortgage program Qualification Criteria.
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Get assistance with upside down car loans. If the amount owed on an auto loan is more than what the car is worth, then the borrower is considered to be upside down or "underwater" on it. There are a few programs that can help these individuals, with a focus on those applicants that need some form of transportation for work.
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Momentum is building in the U.S. Senate to rein in a popular government-supported loan program used to finance energy. These government-approved high-interest green loans are turning mortgage.
Many government programs created. such as the Home Affordable Refinance Program, or HARP. HARP was set up in March 2009 to help underwater and near-underwater homeowners refinance their mortgages.
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But the bank told her it wouldn’t refinance an upside-down mortgage. Loan Value Group, for example, has a program for lenders in which underwater borrowers get monthly cash rewards for making.