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March 10, 2010

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HOPE for Homeowners (H4H) Program is here!
Are you upside down on your home?
Would you like to refinance but can’t?
Help Is Here!

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“I needed a home for my family, but none of our local banks were willing to provide us with a mortgage. With only enough money for a small down payment, FHA Home Loan provided me with the FHA Mortgage that I was looking for and allowed us to have the home of our dreams.”

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The Hope For Homeowners FHA Refinance Program

The Hope For Homeowners FHA Refinance Program

Hope For Homeowners FHA Refinance Program is working with the government and lenders, helping homeowners facing foreclosure to refinance their existing mortgages in order to handle their monthly obligations. By working with borrowers in or facing foreclosure, Hope For Homeowners FHA Refinance Program help to prevent foreclosures and allows decent families to remain in their homes during these tough times.

Hope For Homeowners FHA Refinance Program are now ready to help homeowners facing foreclosure refinance into FHA refinance loans and give Fannie Mae and Freddie Mac the much needed cash infusion to survive in the mortgage market

Hope For Homeowners FHA Refinance Program are in a position to help hundreds of families stop the foreclosure or head off foreclosure with a government refinance. The FHA refinance loan program became available on October 1, 2008 but there are pieces of the puzzle that still need to be put into place in order to help the majority of homeowners do an FHA refinance that are upside down on their homes.

The vast number of foreclosures throughout the nation risen substantially and the government has proposed and passed a FHA refinance plan that should help homeowners facing foreclosure. There is much debate in the media but the Hope For Homers FHA Refinance Program is going to be a great program and the team headed up by Bull May is ready to help. Everyone knows there were issues in the last few years with the relaxed lending practices and the oversight of regulations that allowed homeowners to take on the toxic mortgages that are beginning to reset. The Hope Fore Homeowners FHA refinance Program has also had its critics but the team of loan officers from Hope For Homeowners FHA Refinance Program are going to twist turn and tweak to make homeowners fit the stringent FHA refinance rules.

The FHA refinance loans are government backed with low interest and FHA refinanced secured. Hope Fore Homeowners FHA Refinance Program is available to millions of borrowers that are in negative amortization, interest only and any other toxic loan that has an adjustable rate. The new rate for the FHA refinance that will be offered will be a 30 year fixed rate with 5.25% interest. The only sticking point for the FHA refinance is that lenders and investors will reduce the principal balance to 90% of current market value. Lenders would have to agree to take a substantial loss on the bad loans, and in return, they would walk away with at some payoff and avoid the often-costly foreclosure which is estimated to average $50,000.00 per house .Everyone that had an adjustable rate mortgage will have their payments reduced to a fixed 5.25% interest 30 year amortized loan through the FHA refinance loan program.

The FHA refinance is the best program currently available to homeowners that are in financial hardship.  The FHA refinance will give them solid preset results unlike most other loan modification programs.  For more information about the FHA refinance programs please visit FHAHomeLoans.com.

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