Archive for July 28th, 2010

July 28, 2010

Bank of America Begins Mortgage Principal Reduction Program Under HAMP | Loans – Credit – Debt – LoanSafe.org

Many people in real estate withhold information regarding principal reductions. The HAMP program has a four prong approach to modifying home loans to get homeowners to the magic 31% of income payment amount. The principal ways loan servicers have used to meet this magic number  are to extend the term …Read the Rest

July 28, 2010

Qualifying for a HAMP Loan

There are a number of rules regarding the HAMP program – many homeowners who are unemployed or under employed believe …Read the Rest