Homeowner Help- December 2008

If you are a homeowner that needs help refinancing, any of our mortgage brokers would be happy to help you take advantage of today’s great rates. If you are underwater on your house or behind in your payments you need to speak to a counselor who can help you get back on tracks. Here are links to some local and federal resources:

Maryland Community Development Administration

HOPE (Home Owners Preserving Equity) - a maximum $15,000 loan to help people with delinquent mortgages get back on their feet so they can catch up. www.mdhope.org.

FHA Hope for Homeowners - lenders write down a portion of the loan and the mortgage is 30-year fixed rate. http://portal.hud.gov/portal/page?_pageid=73,7601299&_dad=portal&_schema=PORTAL

FHA Secure - which for now is set to expire at the end of December, which provides FHA-insured mortgages to borrowers with non-FHA ARM. http://www.hud.gov/news/fhasecure.cfm.

Hope Now - a hotline that helps callers contact their loan servicer or a local housing counselor. The number is 888-995-4673. http://www.hopenow.com/.

St. Ambrose Housing Aid Center http://www.stambros.org/pages/own.html.

Live Baltimore Home Center: www.livebaltimore.com/hb/ForeclosureAssis.

Department of Housing and Urban Development: http://www.hud.gov/.

Homeownership Preservation Foundation has a 24/7 toll-free hot line: 888-995-HOPE (4673): http://www.995hope.org/.

720 Light St., Baltimore, MD 21230
TEL: (410) 752-6262 | FAX: (410) 752-8295
EMAIL: MAMP@assnhqtrs.com