They are several mortgage programs available but you have to do your homework, find out the guidelines and don't take no for an answer. Be persistent and ask questions to get the help you need. Over 1 million Americans have filed for foreclosure thus far and millions more are facing foreclosure. Demand assistance by contacting the programs below or your state congressman for assistance.
Some of the programs available are:
1. The Bank of America Mortgage program offers a payment extension for a few months but depends on your lender, how much you owe and your current payment status. Repayment plans if you fall below on your payments you can catch up on missed payments
2. The Making Home Affordable Program
3. The National Homeownership Retention program which allows Countrywide customers to refinance through the FHA Hope for Homeowners program, or with a variable ARM. Call 800-669-6607 for more information.
When calling make sure you have your most recent mortgage statement because you may be asked to provide your loan number, loan balance and other information which will help speed up the process for processing your request.
Additional assistance is available with social agencies such as the Salvation Army, American Red Cross and Good Will which provides counseling, emergency cash and other social program.
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