Are you employed but struggling to pay your mortgage? You may qualify for the Home Affordable Modification Program (HAMP). With HAMP, you may be able to save hundreds per month by getting your monthly mortgage payment lowered to up to 31 percent of your monthly gross income.
You may qualify for the HAMP if you meet the following criteria:
- You occupy the house as your primary residence.
- You obtained your mortgage on or before January 1, 2009.
- You have a mortgage payment that is more than 31 percent of your monthly gross (pre-tax) income.
- You owe up to $729,750 on your home.
- You have a financial hardship and are either delinquent or in danger of falling behind.
- You have sufficient, documented income to support the modified payment.
- You must not have been convicted within the last 10 years of felony larceny, theft, fraud or forgery, money laundering or tax evasion, in connection with a mortgage or real estate transaction.
If you think you are eligible for HAMP,contact your mortgage company or visit the HAMP website at http://www.makinghomeaffordable.gov/programs/lower-payments/Pages/hamp.aspx regarding program availability and how to apply.
Pattie Zanders is a realtor with Exit Bennett Realty in Greenbelt, MD, one of the fastest growing brokerage in Prince George's County Maryland. Her expertise is in 1st time homebuyers programs and short sales. She is the local expert for Capitol Heights MD Homes for Sale, Clinton MD Homes for Sale, District Height MD Homes for Sale, Fort Washington MD Homes for Sale, Suitland MD Homes for Sale, Temple Hills MD Homes for Sale, and Upper Marlboro MD Homes for Saleand other metropolitan Washington, DC areas. For a realtor who focuses on customer service and getting results, call today at (301) 919-8858.
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