New FHA Mortgage Modification solution to help you save your home

Описание: The FHA has just announced a new loan product to help people save homes. Interest rates are going up, which is going to make mortgage modifications more expensive (because the interest rate on the modified mortgage loan will be higher).

The federal government is aware of this problem and the FHA - which speaks only for FHA loan products but I expect Fannie, Freddie, Ginnie and VA loans to follow with similar programs - has just announced the available loan modification solution:

1. 40 year
2. Second mortgage at 0% interest balloon for amounts necessary to bring the loan CURRENT.

Yes, you heard that right. A government backed zero percent balloon mortgage that brings your loan current, and then your mortgage term is extended to 40 years at the prevailing interest rates.

This IS going to save some homes, but you need to know that it exists to ask for it ... and you need to know how to apply for it and to get it.

Call today to schedule a free initial consultation to see how Joshua Denbeaux may be able to help.

Consultations are always free!

Get a free initial consultation with Josh: https://denbeauxlaw.com/contact-us/

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