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HOW WE CAN HELP If you received a letter or phone call from a new mortgage servicer stating that the Home Borrowers Relief Fund now owns your loan then we can help you. If you are unsure please call our toll free number 1 (866) 855-8625. The Home Borrowers Relief Fund can lower your monthly payments to a level that you can afford. We understand that in many cases it is just not possible to make your mortgage payment, feed your family and pay your bills. We want to help. Our goal is to make your mortgage payment affordable. Your responsibility is to handle the rest. We know that if your mortgage is affordable that you will be able to pay your other bills and keep your home. The first thing we do is to substantially lower your monthly payment by lowering your interest rate, usually well below market rates. Then we make it fixed—your payments will never increase in the future. Third, your payments will fully pay off your loan. Fourth, there are no prepayment penalties. In certain cases we can also lower the total amount owed on the loan without subjecting you to any taxes. Our representatives will contact you about this option if you qualify. If you decide that you cannot afford a mortgage, we will explore other options to help you get out of your loan and eliminate all your mortgage debt. Our goal is to make sure that we provide you with relief so that you can stay in your home or eliminate your debt. So we will work thoughtfully and compassionately with you. Foreclosure is an option, though we try to avoid it at all costs if we can work together to find a better solution. |
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