Assistance for Underwater Homeowners Coming Sept 7 - FHA Short Refi
According to RISMEDIA today, homeowners who are current on their mortgage may be able to work with their lender, provided the lender is wiling to participate, to write off at least 10% of their first mortgage. This is open to non-FHA borrowers as well. If you're wanting to stay in your home and are looking for help to refinance your mortgage into a new FHA loan, this may be an option for you. Hopefully, the government has relayed this information to the lenders as well.
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