Friday, January 30, 2015

Many HAMP Loans Set To Adjust in 2015

Well, about a half million. That's quite a few. The Home Affordable Modification Program for some was a life saver. Actually, a home saver.

Now, many of the ones modified in 2010 will start to see an uptick in their monthly payment.

You'll get a notice 4 months in advance, and it may not be much of an increase, but it may bring you back to an uncomfortable monthly payment.

This quickie post is really just to make sure you read all your paperwork if you did get a HAMP loan mod in prior years.

Maybe you're a candidate for a better refi now that rates are low and equity is higher.

Just keeping you informed!

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