There are many components to the federal stimulus package created by the government to deal with the unprecedented financial times we have experienced over the last several years. Tax credits, modifications, HARP, and other terms can be confusing and sometimes it is difficult to determine where to start.
We find that gathering information first from government sites is best. Modification firms and other companies promising results for a fee should be avoided.
There are many more opportunities available for potential home buyers in the market place today than there were just a few years ago. FHA, Fannie Mae Home Path, and lower interest rates all contribute to the ways potential buyers can acquire a home. On the state level there are organizations like Mass Housing in Massachusetts that are focused on promoting home ownership.
For those homeowners who are trying to refinance and are experiencing difficulty due to lower valuations the HARP program is a powerful tool that allows homeowners to refinance without regard valuations in many cases. Recent estimates suggest 5-6 million homeowners can qualify but only 250,000 homeowners have taken advantage of the programs!
Let us find a solution for you!