Posted on: 27th Aug, 2010 08:37 pm
What type of mortgage incentives have been offered recently in this economy?
Hi seo
Welcome to mortgagefit
Obama government has recently announced $75 billion loan modification program.currently 1 out of 4 American is underwater for their mortgage payments.Real solution to solve this problem is the 'principle write down' program.
Bank of America has announced that it will reduce the principle amount for those limited number of customers who are willing to be current on mortgages at least for 5 years.
DIPA
Welcome to mortgagefit
Obama government has recently announced $75 billion loan modification program.currently 1 out of 4 American is underwater for their mortgage payments.Real solution to solve this problem is the 'principle write down' program.
Bank of America has announced that it will reduce the principle amount for those limited number of customers who are willing to be current on mortgages at least for 5 years.
DIPA
Obama government is offering different types of incentives to the lenders so that they stop foreclosure. The lenders who are offering HAMP to the borrowers will get financial incentives for modifying the mortgages. Investors offering HAFA will get $1000 each if they agree to accept short sales and forgive the balance dues.