When you have been shed mortgage payments and so are in the anxiety about losing your home so you can foreclosure, you happen to be insecure

• Streamline Refinance. If you have a keen FHA, Va or USDA mortgage, you might be eligible for this option made to create convenient and you will faster having individuals so you’re able to refinance which have an increase avoidance. It requires almost no documentation; consumers try not to even have to confirm the income.
• Flex Modification. This method is offered of the Federal Houses Financing Institution (FHFA) and you may works best for those with Federal national mortgage association otherwise Freddie Mac-owned money. It will tend to be an excellent 20% loss of prominent and you will desire will set you back, also it lets the word from financing to be stretched in order to up to forty years. Read the rest of this entry »