If you’re at risk of foreclosure because you’re behind on your home loan and you’re not sure that mortgage refinance is an option, you’ll want to consider EHLP as an alternative. The program closes July 22nd, which is less than a week away. Here’s an article from the Seattle Times with program details and a scam alert:
The deadline for homeowners to qualify for the Emergency Homeowners’ Loan Program (EHLP) is approaching with the Pre-Applicant Screening Worksheet due by Friday (July 22).
If your mortgage payments are current but your income has gone down mortgage refinancing is a great way of lowering your payments to salvage your budget. Today’s best refinance rates are at a near 50-year low; however, lenders are tightening their standards for mortgage refinance approval.
There are steps you can take to make sure your mortgage refi application gets approved by improving your credit before applying. This isn’t as hard as you think and the payoff could save you thousands of dollars.
You can learn more about mortgage refinancing without paying unnecessary fees and markup and how to improve your chances of refi approval by checking out my free Underground Mortgage Refinance Videos.