Real Estate Investors, Landlords Reduce Your Rental Property Loan Payments by 30%
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
2. Right-Click then Copy
3. Paste the HTML code into your webpage
|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
You might also want to read:
- Having trouble making home loan payments, Tap into Uncle Sam’s Home Affordable Foreclosure Alternative Program (HAFA) The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. HAFA alternatives are available to all HAMP-eligible borrowers who: 1) do not qualify for a Trial Period Plan; 2) do not successfully complete a Trial [...]......
- Home Affordable Modification Program Secrets to reduce second home loan The Second Lien Modification Program is a complementary program to the Home Affordable Modification Program designed for first lien mortgages. This Program is expected to reach approximately 1 – 1.5 million responsible homeowners who are struggling to afford their mortgage payments. The Second Lien Modification Program (2MP) coordinates with Home Affordable Modification Progam’s (HAMP) first mortgage modification [...]......
- 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 their mortgage payments. Previously, these homeowners were not eligible for such assistance until after they had missed payments. The Helping Families Save Their Home Act of 2009 [...]......
- 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 for homeowners are: 1. PRP is available to homeowners who are already in default or at risk of default and do not [...]......
- Tips On Getting Uncle! Sam to Reduce Your Mortgage Do you want your mortgage interest to be lowered to 2%? If so continue reading…. If you are in an unfortunate financial situation due to being unemployed, business losses or hit by market downturn, reach out to Uncle Sam! You can get your home mortgage payment reduced to as much as 31% of your gross income. [...]......
