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Help for loan modification for free

Don't Let This Opportunity Slip By!

I've talked about this before, but I have now had the opportunity to participate in one. I am talking about the Making Home Affordable Program. This program is designed for borrowers who are upside down on their homes, have a higher interest rate than today's low rates or have an adjustable or intermediate ARM that will be adjusting soon.
If your loan is owned by Fannie Mae or Freddie Mac, you've had no 30 day lates on your mortgage in the last 12 months, and your 1st mortgage is not greater than 105% of the current appraised value, you most likely will be eligible to participate in this program. It typically doesn't require income or asset documentation if it is owned by Freddie Mac, but does if it is owned by Fannie Mae.

The following links will help you or someone you know determine if their loan is owned by Fannie or Freddie:
The reason I'm sending this again is that this program could actually help many people. If you have a 2nd mortgage or Home Equity Line of Credit, they will usually subordinate behind this new loan and there is no limit to the combined loan to value that they will allow.
Please forward this on to anyone who may be in need of this program. I'd be more than happy to help them determine whether or not they are eligible. And remember, you don't have to be in distress or financial hardship to qualify, so those who just want to get a better rate on their home mortgage can participate as well.

Sincerely,
David Hoshaw
Broker, CRS, GRI, e-PRO
Weichert, Realtors - Hoshaw & Associates
28009 Smyth Drive Santa Clarita, CA 91355
661-287-4466 ext. 226
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