As a result of the subprime mortgage crisis, many homeowners find themselves in a difficult position when it comes to refinancing their home loan. As property values on most homes decreased following the 2006 peak, many homeowners found themselves upside down or underwater on their mortgages. In layman’s term, many people found themselves owing more […]
What is the Home Affordable Modification Program (HAMP)?
The Home Affordable Modification Program (HAMP) was created by the Federal Government in an attempt to help the millions of Americans who are struggling due to the damaged housing market. The goal of the program is to lower the cost of monthly mortgage payments for people who are more than 30 days behind on their […]
