Cambridge Credit Counseling Corp.
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4 selected videos
Avoiding Mortgage Modification Scams
http://www.cambridgecredit.org -- Since the Great Recession began in 2007, nearly 6 million families have faced foreclosure proceedings. In an effort to stem that tide, many independent mortgage servicers and the federal government have developed a variety of loan modification programs. A loan modification may involve a reduction in a homeowner's interest rate, an extension of loan terms, a different type of loan, or any combination of these remedies. Understandably, people facing...
Related topics : mortgage loan modification programs / homeowner loan rates
Home Affordable Refinance Program Gets a Makeover
In the spring of 2009, the Obama administration unveiled the Home Affordable Refinance Program, or HARP. HARP's objective was to help make mortgage payments more affordable for homeowners who have insufficient, or negative equity, by allowing them to refinance their loans, providing that certain requirements were met. The administration had hoped he program would aid over 5 million homeowners -- to date, it's helped approximately 894,000 borrowers. Critics have charged that the program was...
Related topics : home equity refinance harp / refinance mortgage home equity loan
Student Loan Repayment Options
http://www.cambridge-credit.org/ -- Part 2 of our "Life After Graduation" series. According to the New York Times, the cost of higher education has increased by a staggering 439% since the 1980s. Today's graduates carry an average of $24,000 in student loan debt, nearly double the amount kids left school with thirty years ago. In today's economy, you can imagine the anxiety and stress many of us are feeling while we try to get a job that will allow us to pay off the significant debts we owe.
Related topics : debt student loan
(EHLP) Emergency Homeowner Loan Program
The Emergency Homeowners' Loan Program (EHLP) is designed to help ease the current housing crisis, in which more than 6.3 million homeowners are threatened with foreclosure. Homeowners who have experienced a substantial loss of income due to unemployment, underemployment, or medical condition can receive interest-free, forgivable loans to pay their mortgage, property tax and insurance bills for up to two years.
Related topics : homeowner loan / emergency loan
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