Is an FHA Streamline Refinance The Same Thing As A Loan Modification?  An FHA streamline refi is not the same thing as a loan modification.  However doing an FHA streamline refinance is a very easy loan to get done.  Even if your home is upside down you can do the FHA Refi.  You do not even order an appraisal on the FHA refinance program.  In fact another benefit of the FHA Refi is that you do not even need to have good credit.  You credit score can be lousy and you can still qualify for the streamline refinance.  Effectively the FHA Steamline Refinance is like a no documentation loan.  If you want to save money on your FHA loan call toll free 1-888-368-6668.

How will the streamlined loan modification program for Fannie Mae and Freddie Mac work?  This new mortgage bailout program will be set to begin on December 15, 2008.  It will apply only to mortgages that are owned or guaranteed by Freddie Mac or Fannie Mae.  A borrower who is 90 days delinquent will be eligible for a new mortgage with a monthly payment that does not exceed 38% of their gross monthly income.  Proof of a hardship will need to be justified, jobless or illness etc.  If you are not experiencing a loan default you will not be eligible for this mortgage bailout program.  You do not need to be in a bankruptcy proceeding.  This program is only available to primary residences.  Second homes and investment property will not qualify for this program.

For more information you can call Hope Now at 888-995-4673.

If you are interested in a loan modification please call toll free 1-888-368-6668 for a new hassle loan modification review.