KEEP YOUR HOME
All the power of the federal government now is aimed at making the mortgage market work better.
This will allow people to buy houses and potentially lift the value of your home in the coming years. Meanwhile, however, you have to weather the storm. That means keeping up with your mortgage payments. The longer you hang in there, the more likely it is that the banking industry will come to your aid.
I am sure you have heard of Countrywide, one of the largest mortgage lenders. They will be making available more than $8 billion to modify risky mortgages.
If you have already missed a payment or two, you may be eligible for Hope for Homeowners, a new government program that aims to prevent foreclosures by letting you swap your mortgage for a more affordable, fixed-rate loan. If you are interested in learning more, please contact my office at (208) 321-4161, or visit us at idahorealestatemortgage.com to learn more.
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