New Mortgage Modification Programs may reduce payments by 25%
+ No Credit Score Requirements
+ Foreclosure/Late Payments are okay
Other Program available to get a Cash Out as a 2nd with 0% Rate and $0 Monthly Payments
Read more on the programs here: Fact Sheet: Biden Administration Announces Additional Actions to Prevent Foreclosures | The White House
What are these programs?
After the CVOID-19 Epidemic, many new Mortgage Relief programs were introduced such as Forbearance, this modification program is just another relief program lenders may not want you to know about.
The Federal Government has released BILLIONS of Dollars under the CARES ACT to financially assist homeowners facing hardship.
The mortgage relief programs are similar to the ones under President Obama that were released back in 2009, however these programs have been updated under the Trump & Biden administration.
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.