HAMP 2 and its Benefits for the Average Troubled Homeowner
Fannie 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.