what government agency helps with lowering your mortgage payment?
by Mortgage Rates on Thursday, September 16th, 2010 | 2 Comments
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Government Agency???
Nope, they don’t have anything for you yet unfortunatly.
However I can refinance your loan if you have the equity and credit or I can get you a modification of your current loan if you don’t qualify for a refinance, I do those everyday.
Send me an e-mail with your address, the name of your mortgage company and balances due.
There are not anyone government agency that is assigned this task. The way it works is through your current lender.
You have to work with and through them to determine if a program is available to you based on your individual circumstance.
The department you would be looking for is called the Loss Mitigation Department.
I hope this has been of some use to you, good luck.
“FIGHT ON”
The government has only decided to back the loans of the banks that renegotiated trouble or problem loans and the clients that might be helped under such a program.
There are some lenders that are in the business of refinancing trouble or problem loans for a few, such as the loan limits have now been raised so you might now be qualified for a FHA loan.