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Are Loan Modification Plans Equitable?
By admin | May 10, 2009
The president has recently put some relief for home owners into place. He is trying to do everything he can to help people keep their homes and be in the best economic position possible. Under the loan modification plan, if you can prove that you are suffering some sort of financial hardship, then you can have your home mortgage rate lowered for a specified amount of time. What about the people that have paid their mortgages and just need some relief because of the bad economy? Those people don’t qualify even though it is their tax money at work that is making the program go.
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