The anticipated foreclosure prevention program that was released by President Obama targets 9 million borrowers for help. Are you included in on this program? Here’s how you will know if you qualify.

The package is a $75 billion effort known as the HASP, which provides two basic solutions. In one, the government offers help to homeowners to refinance their houses and to take advantage of the low interest rates. That is if, you are eligible. The second, is the concept of mortgage modifications that gives incentives to lenders and other vast companies to restructure people mortgages to a more affordable plan. The official report won’t be released until March 4th, but here‘s some brief information to see if you can be a part of this.

If you are looking to refinance then this portion of the package is for those who kept current on their mortgages. If you’re a homeowner that has been swimming in your mortgage, owing more than what your house values then you will most likely not qualify for a refinance. That is, unless, there is at least 20% equity on your house or you have an FHA loan. Even homeowners that exceed at least 5% of their home value could qualify. There will also be no prepayment penalties. The Obama administration anticipates this will help about 5 million homeowners get lower interest rate mortgages.

The second option is mortgage modifications. Homeowners that are about to default on their mortgage may qualify for a mortgage modification. Also anyone with debt, such as car loans and credit cards that exceed 55% of their income, may still qualify. However, they will have to accept the fact that they need to seek debt counseling through a certified program. If qualified, your lender will reduce your monthly mortgage payment to at least 31 (percent?) of your gross income. The perk for this program is that borrowers could get up to $1,000 a year for five years to help make their payments on time. President Obama has estimated that about 3 to 4 million people could benefit from the new mortgage modification program.

Who’s not eligible? People that bought a home for strictly investment purposes. Also if you were irresponsible on your borrowing, like many companies have been with their bailout money, you will not qualify. Stay tuned March 4th for more details on how this plan can help you.

You hear it on the news, see it on T.V., hear people talking about, no one seams excited or happy. Mortgage problems are a very sensitive problem. If you think loosing your house is bad, just think of how much worse it is when you are letting your whole family down. People are going into foreclosure left and right. Business are going down as well. Lenders and banks are eating all this up. This is a gold mine for them. Something you may not know is your lender may be cheating you. You may be paying them every month for things you were unaware of. Don’t put someone else in a new Mercedes when you are loosing your house. Not the best way to spend your cash.

Here at the Mortgage Help Center we have Lawyers and Negotiators can find discrepancies in the original loan application. Something you may have overlooked. We can use this against the lender to lower your interest rate. You may be thinking. Hey! I can do this myself. You may be able to this yourself but it would be filling a cavity instead of having a dentist do it. We have Expert Lawyers that do this everyday. Just to let you know, your lender has lawyers on staff, you should have someone fighting on your side too.

Loan contracts are lengthy and hard to read. Don’t let someone take advantage of you and make you pay for something un-needed. We are here to help you get out of your mortgage issue. We have a 98% success rate with the cases we handle. We are also the only company in the industry to offer a 100% money back guarantee. We ensure quality assurance that you will expect mortgage relief.

If you are facing foreclosure we want to help. We can often show the bank or lender that the cost for foreclosure will exceed that of letting you keep the loan at the new terms we propose to them. This ultimately works in your favor. Give us a call today, we are ready to help.

Have you been troubled lately with a loss job, any medical conditions, or a loss of income? You may want to consider modifying your current mortgage. A mortgage is probabally a homeowners biggest expense. A few years back the housing market was booming. Now things are running a little different. People are now realizing that thier houses arent worth what they thought is was. We have people comming to us all the time talking about how much thier house use to be worth and how much it is actually worth now. Many people find themselves wrapped up in a situation that only a trained professional can get you out of. Many people may not even know if they are in a bad situation or not. Now is the time to look at your house’s current value, then look at how much you are paying. If you are making payments for more than your house is worth, you may want to consider getting a loan modification.

We feel very confident about our program and its effectiveness. We have a 98% success rate. We are the only loan modification company that can offer a 100% money back garauntee. We are very confident in our program. We have helped save homes for families all over the U.S.

We take great actions in lowering your mortgage peyment. Many people may not know that lenders make contracts lengthy and sensitive to for the simple fact that most people don’t catch thier sneaky verbage. We find mistakes in your original contracts. We use the mistakes to your advantage in negotiating the contract with the lender. Which is why we are here with lawyers and negotiators to work a solution that is good for you and the lender. Not a solution that only works in the lenders favor. We work with your bank to lower payments and interest rates. You can definetly expect mortgage releief with our company. Give us a call to see what we can do for you.