Tag Archives: Home Affordable Refinance Program

Making Home Affordable program

The Making Home Affordable program is focused on stabilizing the housing market by providing relief to struggling homeowners.

MHA can help in a variety of ways by lowering monthly payments,  reducing interest rates even if you owe more than your home is worth, or if home ownership is no longer affordable, MHA offers a way out while avoiding foreclosure. In an effort to enable more struggling homeowners to take advantage of the Making Home Affordable Program , the Government  has extended the application deadline of the program to December 31, 2013.

Getting approved for assistance through the MHA program can be a difficult process, and Homeowners who prepare diligently are more likely to receive a positive result.

At Blick law firm we have had success in providing relief to homeowners through the MHA program, so before you begin exploring your options call Blick Law Firm at (813) 931-0840 to schedule a free 15 minute consultation with attorney Michael Blickensderfer.

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Tampa HARP mortgage program to help struggling homeowner

Florida, with its struggling economy and backlog of foreclosures, could be a main beneficiary of a revamped mortgage refinancing program announced Monday.

The new Home Affordable Refinance Program is designed to make it easier for borrowers with underwater mortgages to take advantage of today’s historically low interest rates.

The desired outcome: Lower monthly mortgage payments means more people can stay in their homes — and out of foreclosure. It also means more money in people’s pockets to pump into the economy.

Earlier, more restrictive rules prevented many homeowners, especially those who bought during the height of the real estate boom, from benefiting. The revamped program has fewer restrictions.

University of Central Florida economist Sean Snaith said the announcement is the “first sensible housing policy” he has heard in some time and could give the sagging economy a boost.

As of the end of June, more than 314,000 Tampa Bay area homeowners owed more than their homes were worth, according to mortgage research firm CoreLogic. Forty-five percent, or 1.9 million, of all mortgages in the Sunshine State are underwater — the third highest in the country.

“This is a step in the right direction,” Snaith said. “It holds some promise. This will free up disposable income.”

Here are some questions and answers about the Obama administration’s initiative:

What is the program?

The Home Affordable Refinance Program, or HARP, was started in 2009. It lets homeowners refinance their mortgages at lower rates. Borrowers can bypass the usual requirement of having at least 20 percent equ…read more

Call to speak with your Tampa real estate attorney today to get the proper council and assistance with regard to your situation! Think quick, call Blick. 813-931-0840

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