Many homeowners seeking to refinance their mortgages and reduce their monthly payments may be unaware of the federal Home Affordable Modification Program which provides incentives to lenders to modify home loans. The program is geared for homeowners who are under financial duress, owe more on their mortgage than their homes are worth, or are facing foreclosure. The ABA Consumer Guide to Mortgage Refinance explains the benefits, qualification requirements, and the process for participating in the program. Many lenders do not fully understand the program and do not offer it to their clients. As a result, some homeowners are turned down, even though they may have qualified under the program. The book will empower readers with the knowledge to discuss the program with lenders, stand up for their rights under the program, and obtain the most favorable refinancing terms possible.
- ISBN10 1627227636
- ISBN13 9781627227636
- Publish Date 7 August 2015
- Publish Status Out of Stock
- Publish Country US
- Imprint American Bar Association
- Format Paperback (US Trade)
- Pages 288
- Language English