The U.S. government today unveiled The Hope for Homeowners affordable mortgage modification and refinancing program. The program is unveiled by the U.S. Department of Housing and Urban Development.
Homeowners, contact your existing lender and/or a new lender to discuss how you may qualify for the H4H program.
The HOPE for Homeowners (H4H) program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. H4H is an additional mortgage option designed to keep borrowers in their homes.
The program is effective from October 1, 2008 to September 30, 2011.
If you are having trouble making your mortgage payments, HOPE for Homeowners may be able to help you, by refinancing your loan into a new 30-year or 40-year fixed-rate loan with lower payments.
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