Are You Eligible? Might you be eligible? See if you meet these basic eligibility requirements: You are current on your mortgage, with no 3. Your home is your primary residence, a 1- unit second home or a 1- to 4- unit investment property. Your loan is owned by Freddie Mac or Fannie Mae. You can use the Loan Look- up Tools below if you are unsure. Your loan was originated on or before May 3. By using the loan look- up tools below, this date will be made available to you. Your current loan- to- value (LTV) ratio must be greater than 8. Calculate your LTV ratio with this tool. Is your mortgage owned by Fannie Mae or Freddie Mac? Use their online tools to quickly find out, or call them toll- free: Fannie Mae. Loan Look- up Tool: Call: 8. Obama home-foreclosure relief: Do I qualify for a mortgage refinance. Obama’s Foreclosure Relief Program Was Designed to Help Bankers, Not Homeowners. Other officials found ways to manage mortgage relief. The Home Affordable Refinance Program . Will.I.am Launches New Mortgage Relief Program. The superstar rapper/producer told The Sun that he has launched the i.am.home Mortgage Relief Program. Other lenders may agree to change the terms of the mortgage by extending the. As a Mortgage Relief Loan gives only short. We will secure the mortgage relief loan by taking a registered mortgage over your. Rental purchase plan program. FANNIE (8 am to 8 pm ET) Freddie Mac. Loan Look- up Tool: Call: 8. FREDDIE (8 am to 8 pm ET) Note: Be sure and check your address on both the Fannie Mae and Freddie Mac look- up tool. If your address does not appear in the look- up tool of either site, your loan is not owned by Fannie Mae or Freddie Mac and you are not eligible for the program. HARP has been significantly enhanced since it launched in 2. The program now requires less documentation and has simpler guidelines, all designed to approve more loans. Program (2MP): If your first mortgage was permanently modified under.Do you qualify for the home. The federal government's Home Affordable Refinance program is designed to help. The New Second Lien Program. These alterations to the Obama Mortgage make homeowner relief more. The Obama Mortgage: What Happens When I am Approved for. Mortgage relief loan . These difficulties may be from unemployment, accident, illness or some other crisis. The loan is interest free with no application fees or ongoing charges. You can borrow a maximum of $2. Are You Eligible for Mortgage Relief? OVERVIEW The National Mortgage Settlement. Am I Eligible for Help Under the National Mortgage. Repayments start 1. What you must do first. The loan can only be offered if you are in danger of losing your home and if you have tried other avenues of help. This includes deferring or restructuring loan payments with your current lender. As a Mortgage Relief Loan gives only short- term help, if you are experiencing long- term financial problems you should get help from a financial counsellor. Am I eligible? To be eligible for the loan you must: have enough equity in your home to provide security for the loanhave a mortgage of less than $5. This authority will continue until the Mortgage Relief Loan is repaid. Applying for the loan. Contact our loan hotline to apply or get more information; Email: loaninformation@hpw. Phone: 1. 30. 0 6. Monday to Friday, 8. Post: Loans and Debt Management. Department of Housing and Public Works. Post. GPO Box 6. 90. BRISBANEQLD4. 00. How the loan is paid. The loan is paid directly to your home lender and local council (if applicable) and can be used to clear home loan arrears, council rate arrears and to subsidise home loan repayments for up to 6 months. While receiving mortgage relief you will need to meet a portion of your home loan repayments, or in some cases the full repayment. Once you receive the mortgage relief loan you will need to contact your home loan lender who will tell you how much you must pay. We will secure the mortgage relief loan by taking a registered mortgage over your home. This is a legal document which gives a lender enforcement rights against a property to recover a loan.
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