When the housing bubble burst in 2007, it dropped the average home price across the country. An unfortunate result of the collapse is that many people eded up in foreclosure because their monthly payment was significantly higher, and they owed more on their home than it was worth. The main problem is when you are upside down on your mortgage, it’s impossible to get a traditional refinance so you are trapped paying a high mortgage payment on a home that isn’t worth as much as you owe on your mortgage.
If you are still stuck paying a mortgage that is higher than your home is worth, we have solutions to help you. Two programs available to help are the HARP 2.0 and the DU Refi Plus.These are government loans that were created specifically to help people who are underwater with their mortgage to be able to get out of it. We have helped many people through out Springfield and the surrounding communities like Nixa and Ozark to name a few lower their high mortgage payments.
The HARP 2.0 and DU Refi Plus programs are only for responsible home owners; if you’ve been skipping out on mortgage payments or have been consistently late making them you will not qualify. If you have stayed current on payments, the government would rather help you stay in your home than risk another foreclosure coming on the market.If you’ve tried to refinance and weren’t able to or just thought it was impossible because you are underwater on your mortgage there is a solution.
The HARP 2.0 and DU Refi Plus programs won’t be around for ever, so now is the time to see how much you can save. You can use our Mortgage Assistant to start the process and start your path to lower mortgage payments.
