Question by Peter C: Home Affordable Modification Program (HAMP).?
I am considering refinancing through the HAMP.
http://www.makinghomeaffordable.gov/
I am looking for downsides. For example will I be locked into staying in the home for some time period? Will there be any tax impact like having to pay income tax on part of the benefit?
Any other downsides not in the FAQ
Thanks
Pete
Best answer:
Answer by v b
http://www.irs.gov/irb/2009-28_IRB/ar06.html
What do you think? Answer below!
