Don’t hold your breath. As I excitedly read the guidelines for the new FHA program that allows you to erase 30% of your principle balance in order to lower your payments and hopefully not be underwater on your loan… I quickly realized this is yet another new program that the government spent a lot of time and money developing and that it will help very few.
The problem is that you have to already be in an FHA loan. Most of us do not, unless you bought in the last year or so. You have to be delinquent on your mortgage, AND already tried to resolve the issues with 3 other programs, before FHA will entertain your case.
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Thank you,
Matt Steinmetz
Envoy Mortgage
2151-P Salvio St.
Concord, CA 94520
Phone 925-671-9501 x119
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Matt Steinmetz, Concord, Ca, Contra Costa County, Envoy
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