Are you behind on your mortgage payments? Do you also have a second mortgage? Are you in danger of foreclosure? Don’t panic, H.O.M.E. DuPage can help. Our Preserving Homeownership Class teaches you Foreclosure Prevention Options including:
- Forbearance – working with your lender to reduce or suspend mortgage payments for a certain period of time.
- Modification – working with your lender to be permanently change the terms of your mortgage to make payments more manageable to you – designed for homeowners who have reduced income but still have enough stable cash flow to support a mortgage payment.
- Reinstatement – using asset liquidation, disability settlement or tax refund or gift or inheritance to cover past due payments taxes and fees.
- Refinance – a new mortgage at a better rate or a traditional refinance?
- Home Affordable Refinance Program (HARP)
- FHA Short Refinance Program
- I-Refi Federal refinance program
