HAMP 2 and its Benefits for the Average Troubled Homeowner

924104_new_flatsFannie Mae or Freddie Mac have made it possible for many homeowners to acquire low cost mortgage. However, there can be instances where someone has acquired a decent mortgage only to fall into tough economic times making the repayment of the loan difficult. This is where HAMP 2 might prove to be extremely helpful. This program is designed for those mortgage holders that must refinance their loan to a lower APR. While this is not a guaranteed program and you would still have to apply, the fact that it exists leaves options open to those suffering from mortgage related woes.