 As we all know, the country has been in the midst of a horrific financial crisis for the past 18 months. Unemployment is at an all time high, and retirement accounts have been wiped out. The housing and mortgage industry have been crushed, and the carnage can bee seen every day in the forclosure section of the newspaper. As a result, it has become increasing difficult for existing homeowner's to refinance their current mortgage, or potentional homeowner's to qualify for a new house. Even though rates are at historic lows, many homeowners have seen their house values drop considerably, thus wiping out any equity they may have had. For some, even worse, they may owe more on their home that what it is worth.
What is a homeowner to?
Fortunately, for homeowner's who can prove their income, there are some Federal Stimulous Programs available. Unfortunately, many homeowner's are unaware of these programs which allow them to take advantage of today's low rates, regardless if they owe more on thier home than what it is worth in today's market. As a result of this financial crisis, programs have been implemented through Fannie Mae, Freddie Mac, FHA, and VA, to help homeowner's combat this particular situation.
If you are interested to see if you qualify for one of these Federal Stimulous Programs, or would like to find out what options you may have to lower your interest rate and monthly payment, please feel free to contact me at (410) 804-6576. I have 20 years of experience in the mortgage industry, and I am knowledgeable on all aspects of these programs.
For most of us, our home is our most important asset. You owe it to yourself and your family to be in the best financial position you can. Remember, my door is always open.
Eric Hedeman
Senior Mortgage Consultant / NMLS #143895
Atlantic Home Equity
170 Lakefront Drive
Hunt Valley, MD 21030
(410) 771-5599 Office
(410) 771-0480 Fax
(410) 804-6576 Cell
eric@mtglender.net
Licensed in MD, VA, PA, DE, DC
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