069. Mortgage Assistance for the Unemployed

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Uploaded by on Oct 22, 2010

http://residerealestate.com Today I want to talk to you about an article that recently came out of CNNMoney.com and it is titled, "Unemployed? Get a Federal Loan to Help Pay Your Mortgage".

Emergency Homeowners Loan Program is an interesting program and what homeowners will be able to do is apply for a no-interest government loan for up to $50,000 to pay your mortgage and cover your arrears. What it will do is it's going to offer assistance for up to two years and it will be forgiven if the homeowner stays in the house for five years.

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