|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
Landlords, Real Estate Investors Loan Payment Reduction
Fannie Mae’s Payment Reduction Plan (PRP) is now available to real estate investors and landlords who are having trouble making payments on their investment properties. Since real estate investors and landlords have not been eligible for Home Affordability Modification Program (HAMP), they have had problems getting access to help from Uncle Sam with their residential rental loan payments.
Now real estate investors and landlords can tap into the PRP to reduce their monthly loan payment giving them time to work out their financial problem. Therefore, if a landlord or real estate investor has suffered a financial hardship, they can work out a 30% reduction in monthly loan payments.
Similar to Fannie Mae, Freddie Mac is also offering help to troubled real estate investors and landlords. They can skip payments from 3 months to 6 months and in some situations loan payments on residential rental investment properties can be missed for a year. Anybody who has a lost a job can tap into this program and take advantage of it.
To get more information on Payment Reduction Plan, CLICK HERE
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
You might also want to read:
- Landlords and Rental Property Owners Guide to Loss of Down Payment, Mortgage Loan Payments and Equity Through foreclosure, homeowners lose the down payment made at the time of purchasing and the mortgage loan payments they made during the ownership of their home. Homeowners also lose the......
- Homeowners lower your loan payments on FHA loans before falling behind FHA TO PROVIDE EARLY RELIEF TO STRUGGLING HOMEOWNERS Homeowners with FHA-insured mortgage loans who are experiencing financial hardship are now eligible for loss mitigation assistance before they fall behind on......
- Homeowners Get Your Home Loan Payments reduced by 30% Today Homeowners can tap into Payment Reduction Plan (PRP) to get a temporary payment relief while working out the foreclosure prevention program with the lender. The major key benefits of PRP......
