To reap benefits offered by a HARP 2.0, borrowers need to get started with the process for determining. Changed HARP qualification criteria have helped more number of homeowners to qualify for government grants to its earlier version.
The UP plan can help homeowners who have lost jobs and therefore, struggling to pay their mortgage debts. Borrowers who qualify for the federal scheme will be entitled to receive a 3 month forbearance period during which they can search for new job.
The HAFA provides viable options to help homeowners in getting rid of mortgages which are unaffordable. By qualifying for a HAFA short sale, one has the chance to settle mortgage dues for less than what he owes to his mortgage servicer.