Most banks have some kind of an internal incentive program design to help people who can’t afford their current mortgage, or they participate in national programs outlined below.  If you’d like us to send you a breakdown of what sort of assistance or incentives your bank provides, simply fill in your name, email address and let us know which bank your mortgage is with in the form below and we’ll get right back to you with the info you’ll need.

Bank Incentives

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If you can’t afford your mortgage payment and it’s time for you to transition to more affordable housing, the Home Affordable Foreclosure AlternativesSM (HAFA) program is designed for you. HAFA provides two options for transitioning out of your mortgage: a short sale or a Deed-in-Lieu (DIL) of foreclosure. In a short sale, the mortgage company lets you sell your house for an amount that falls “short” of the amount you still owe. In a DIL, the mortgage company lets you give the title back, transferring ownership back to them.

Home Affordable Refinance Program (HARP)

If you’re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees will apply.

You can use our quick calculator below to see if you may qualify for HARP.  And of course if you have any questions or would like immediate assistance, just give us a call.