Having Trouble Making Payments?

HAMP - Home Affordable Modification Program

If you can no longer afford to make your monthly loan payments, either because your interest has been increased or you have less income or you are experiencing a hardship that has increased your expenses (like medical bills) you may qualify for a loan modification to make your monthly mortgage payments more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.

Determining eligibility:

• The home must be primary residence
• The unpaid principle balance that is equal to or less than $729,750 for one unit properties
• The loan was originated before January 1, 2009
• The mortgage payment (including taxes, insurance, and home owners association dues) must be more than 31% of your gross monthly income
• The mortgage payment is no longer affordable perhaps because of a significant change in income or expenses
• The loan must be owned by Fannie Mae or Freddie Mac or a participating investor. To check your loan to see if it is a Fannie Mae or Freddie Mac, go to look up your loan

For more info contact Charles Christian to apply for your Loan Modification 775-825-8989.

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