Advantage You!

Throughout this whole financial crisis it has been the everyday person that has been the silent victim of our country’s economic challenges. While we have “invested” billions of dollars to help financial institutions, auto manufacturers, and other types of businesses – the bailout has had limited benefit for you. Well, that is beginning to change and it is time for you to take advantage of the benefits available.

In order to help restore the real estate market and reduce foreclosures, many programs have been introduced for homeowners. In the past, programs like this made great news stories, but were really limited to a small number of people. Now things have changed and with a little work, you can save a considerable amount of money. For example, a 1.0% reduction on a 30 year $200,000 mortgage loan can save over $100 per month on your payment and over $40,000 in interest over the life of your loan. Now that is real money and could be the catalyst that helps you keep all that you have worked so hard for.

Of course with any program like this there are requirements, but they are reasonable and inclusive. Simply go to www.makinghomeaffordable.gov to find out more information. The website provides information on qualifications, frequently asked questions, and the different programs available. It is simple to navigate with easy to use tools that help you determine if you are eligible, and video summaries on the key aspects of the programs available. (Special Note: Just because your lender is not listed on the site does not mean they are not participating in this program. Just call and ask your lender if you are not sure.)

With mortgage rates below 5.0%, Rogue Federal has already seen considerable interest in this program. Your lender will be busier than normal so you should expect an extended processing time. In some cases it is now taking over 60 days to close a mortgage loan. However, from what I have seen, it appears to be well worth the wait.

Advantage You!!