The Housing and Economic Recovery Act of 2008 amends the National Housing Act to authorize a new temporary FHA mortgage insurance program called the HOPE for Homeowners (H4H) Program. Under this Program, certain borrowers facing difficulty in paying their mortgages will be eligible to refinance into affordable FHA-insured mortgages. The H4H program is effective for endorsements on or after October 1, 2008 through September 30, 2011.
If you would like more information on this program, please call me Vanessa Franklin, 239 290 5627 and I will be happy to send you a copy of the HOPE Guidelines.
you may also look at the HUD Website to read about HOPE.
Please, if you have experience with HOPE, either good or bad, please add to this blog so that others might find the information useful in their own circumstances.
Thursday, November 6, 2008
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