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  2. Need help with missed mortgage payments in California ... - AOL

    www.aol.com/news/help-missed-mortgage-payments...

    State assistance is available to qualified homeowners who've missed at least two mortgage payments by Feb. 1 and are still in arrears, or who've missed at least one property tax payment by Feb. 1 ...

  3. California offers help for more homeowners who missed ...

    www.aol.com/news/california-offers-help-more...

    The program offers up to $80,000 to low- and moderate-income homeowners who have missed at least two mortgage payments because of a pandemic-related financial hardship. These homeowners can also ...

  4. Down payment assistance: How it works and how to get it - AOL

    www.aol.com/finance/mortgage-down-payment...

    Down payment assistance (DPA) programs provide homebuyers with loans or grants to help cover the down payment and closing costs. These programs are typically reserved for first-time homebuyers or ...

  5. Home Affordable Refinance Program - Wikipedia

    en.wikipedia.org/wiki/Home_Affordable_Refinance...

    The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify. Later that same year, the program was expanded to include those ...

  6. Loan modification in the United States - Wikipedia

    en.wikipedia.org/wiki/Loan_modification_in_the...

    Loan modification in the United States. Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to ...

  7. Low-Income Home Energy Assistance Program - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Home_Energy...

    The Low Income Home Energy Assistance Program ( LIHEAP, pronounced "lie" "heap") is a United States federal social services program first established in 1981 and funded annually through Congressional appropriations. The mission of LIHEAP is to assist low income households, particularly those with the lowest incomes that pay a high proportion of ...

  8. Mortgages for seniors: Getting a home loan in retirement - AOL

    www.aol.com/finance/mortgages-seniors-getting...

    The median mortgage payment in 2022 was $1,400 per month, based on data from the U.S. Federal Reserve. But for loan applicants in October 2023, the median mortgage payment was $2,199, according to ...

  9. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 ...

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