Do you still qualify for the Homeowner Affordability and Stability Plan with more than one mortgage on your Elkhart Indiana home?  As long as the amount due on the first mortgage is less than 105% of the value of the property, borrowers with more than one mortgage may be eligible to refinance under the Homeowner Affordability and Stability Plan.  Your eligibilty will depend, in part, on agreement by the lender of the second mortgage to remain in a second position, and on your ability to meet the new payment terms on the first mortgage.

Still have more questions?  Please call your Local Elkhart County Real Estate Expert Evelyn Johnston with Prudential One Realty at 574-304-7148.