Home Value less than your mortgage balance? There is HOPE.
If you, or someone you care about, are struggling with monthly payments for a home that is now worth far less than what you owe, then the new government program HOPE may be a solution for you. This program uses the current value of your home. How? A mortgage professional would order an appraisal on your current home. This appraisal is used to renegotiate the amount of money you currently owe (current mortgage balance). Just by examining your current payments and estimating the monthly payments from a reduced mortgage can tell you if HOPE is beneficial for you. Sounds complicated? Well your real estate professional Dawn Famiglietti can contact a mortgage professional who is familiar with program HOPE; the mortgage professional can listen to your needs and counsel whether HOPE is right for you.
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