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A homebuyer grant is a type of down payment assistance that provides a one-time cash sum, often in the form of a no-interest second mortgage. The funds don’t have to be repaid. The funds don’t ...
The Dream for All Program, which launched last year, intended to help address California’s ethnic and racial wealth gap. It provides homebuyers with money towards a down payment — 20% of the ...
The state is again expanding its federally funded mortgage relief program to help more Californians. People who missed mortgage payments up to Aug. 1 are now eligible for help.
Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.
The Homeowners Affordability and Stability Plan is a U.S. program announced on February 18, 2009, by U.S. President Barack Obama.According to the US Treasury Department, it is a $75 billion program to help up to nine million homeowners avoid foreclosure, which was supplemented by $200 billion in additional funding for Fannie Mae and Freddie Mac to purchase and more easily refinance mortgages. [1]
In the latest extension, assistance is available to qualified homeowners who've missed at least two mortgage payments by Feb. 1 and are still in arrears, or who've missed at least one property tax ...
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