How Gwinnett County Homeowners Can benefit from the New Home Loan Programs

How Gwinnett County Homeowners Can benefit from the New Home Loan Programs The Federal Making Home Affordable Program has created a number of home loan programs that will help keep Gwinnett County families in their homes, stabilize Gwinnett's communities and assist Gwinnett County homebuyers during these troubled times. Under these new home loan plans, Gwinnett County homeowners can: Refinance their mortgage to a new, lower, fixed interest rate. Refinance even with declining property values. Refinance with lower income and asset verification requirements. Refinance Multiple Investment Properties. Each of the above possibilities require that Gwinnett County Homeowners be current on their existing home loans. However, for those Gwinnett County families that have already fallen into hard times and are behind on, going to be behind on, or have an impending ARM adjustment/balloon payment with, their existing home loans can; Obtain a modification on your mortgage that can potentially r
educe your monthly payment, or offer other alternatives that can help you keep your home. Finally, for those Gwinnett County families that are looking to purchase their first new home, or even upgrade their current home, programs are available for them to; Purchase beautiful Gwinnett County homes with credit scores as low as 600 Purchase their new dream home with no out-of-pocket money down The U.S. Treasury, Fannie Mae and Freddie Mac have developed these programs in an effort to help both troubled and current Atlanta borrowers, to get back on track and improve their current financial situations. So How Do They Work? Refinance For Gwinnett County Homeowners that are current on their mortgage payments but unable to refinance because their home value has decreased, you may be able to refinance to a lower rate, or a lower-risk, loan through the refinance solution that is part of this program. Examples of how the refinance program can help Atlanta Homeowners: Fixed-rate mortgage to
fixed-rate mortgage Adjustable-rate mortgage (ARM) to fixed-rate mortgage Super conforming fixed-rate mortgage to super conforming fixed-rate mortgage Loan Modification For Gwinnett County homeowners who are behind in their mortgage payments, in the foreclosure process, or are current on their payments but have recently experienced a significant hardship, you may be able to modify your loan to a lower rate through the Loan Modification Program. Significant hardships are set as circumstances that may make it difficult for you to pay your mortgage going forward. Purchase For Gwinnett area families and individuals that are in search of a loan for their new dream home, financing and programs are available to help them purchase; Bank owned foreclosures at below market value With 580 credit scores With no, or little, money down With down payment assistance How Do I Know If I Qualify? Georgia Loan Pros can help you move through the qualification process, and help you find the homeown
er program that fits you best. Georgia Loan Pro will work with Gwinnett County Homeowners to assist them in putting together the best purchasing package, and discover whether loan modification or a refinance, is the best option for them. For more information, please contact Georgia Loan Pros.

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