MSHDA, Michigan State Housing Development Authority, is on the way to the rescue Michigan homeowners facing the difficult times of delinequent payments, foreclosures and arms due.
New refinance programs will include: ARM Assist Refinance - The purpose of this new program is to assist individuals who currently have an adjustable rate mortgage and would like to obtain a fixed rate loan in order to create housing expense certainty.
and
Missed Payment Refinance - The purpose of this new program is to assist individuals who currently have a delinquency on their mortgage and for whom a loss mitigation strategy aimed at reinstating their existing mortgage is not plausible.
for lending questions:
Patty Kelso, CountryWide Home Loans, 810 241 7686
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