Home Equity Loans California Refinance Mortgage Loan Hime Home Remedy: Administration's mortgage-relief plan may not help many Triad homeowners, experts say (Winston-Salem Journal)
When it comes to federal mortgage relief, timing is everything for local homeowners. Out of luck. Behind on your adjustable-rate mortgage payment more than 60 days? Don't bother. Already in the foreclosure pipeline? Bought another home as an investment rather than to live in? Too early. Don't qualify. If the Triad hopes to lessen the potential ...Signed up for a two-year ARM before January 2006? FHA (HUD0 insures then insures the loan and pays the lender if the borrower defaults on the mortgage. The protection offered by FHA mortgages to lenders allows them to be more liberal with their terms than the prospective homeowner might otherwise obtain.
