Question by S S: Is there a program that allows a homeowner to refinance their house for what it is currently worth?
Someone told me there was a program similar to this that Obama created. Has anyone heard of this?
Best answer:
Answer by Judy
Mortgage forbearance
Go to hopenow.com – a governement website set up by HUD
Call the 800 number and ask them.
This site was set up to help homeowners from losing their homes.
The government is there to help – take advantage.
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HAPA research that. Otherwise you have to have a hardship; job loss, death etc. Most are going to have to live with the value being less than the mortgage amount for several years.
Remember all these federal programs are voluntary on the lenders part to participate or not