Hamp Guidelines

Home  >>  Hamp Guidelines

The target of the program is 7 to 8 million struggling homeowners at risk of foreclosure by working with their lenders to lower monthly mortgage payments. The Program is part of the Making Home Affordable Program which was created by the Financial Stability Act of 2009.

Thus, under HAMP, lenders and/or mortgage servicers are required to make a conscious and calculated determination as to whether the pursuit of a foreclosure will be financially beneficial for the lender/investor before the foreclosure is actively pursued. We at the American Debt Advisors will discuss with you the eligibility requirements and modification options that could qualify you for this program.

SERVICES

 

2nd Mortgage Rates

When you need money, sometimes a second mortgage is the answer. Second mortgages, also known as home equity lines of credit (HEL [...]

READ MORE
 

Can’t Refinance

If you've found that a refinance isn't for you, there may be another option for lowering your monthly mortgage payments — if y [...]

READ MORE
 

Loan Forgiveness

Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called Loan [...]

READ MORE
 

Hamp Guidelines

The target of the program is 7 to 8 million struggling homeowners at risk of foreclosure by working with their lenders to lower [...]

READ MORE
 

Hamp Program

The Home Affordable Modification Program (HAMP) is designed to help financially struggling homeowners avoid foreclosure by modif [...]

READ MORE
 

Making Home Affordable

If you are having a tough time making your mortgage payments, you may be eligible for MHA's Home Affordable Modification Progra [...]

READ MORE