Homeowner Affordability and Stability Plan (HASP)
In case you haven't heard, last Tuesday the Obama Administration announced details of new efforts to help bring relief to responsible homeowners under the Making Home Affordable Program.
The new Homeowner Affordability and Stability Plan (HASP) will help 4-5 Million customers to refinance and reduce their rates.
* Easy Rate Reduction
* Little to NO paperwork
* No out of pocket costs
* Ability to skip a payment at time of refinance
* NO appraisal required
*Mortgage Insurance is NOT required if you do not currently have it
*No Minimum FICO
*Stated Income & Stated Asset
*Investment Property & Second Homes are Eligible
*NO Delinquency in the last 12 months is REQUIRED
You must work with your current lender.
You might not be in this situation, but you probably know somone who is, please pass this information on to anyone that needs it.
We are all in this together!