have you heard of the homesaver advance?

[c150000]

if your behind an just want to catch up
and dont want to get involved with the trail payment thing, or a high repayment plan ect
but save your house.. if you have a fannie mae loan (iam not sure about freddie mac loans)

the bank can offer you a homesaver advance (BUT THE BANKS DONT OFFER IT) of course

fannie pays what you owe up to 15.000.00 to get you current
and you pay like 125.00 month to pay it back added to your normal
payment

includes late mortgage payments, tax, and late fees

just thought this might help someone who dont want to get into the trial
payments or who have been denied for hamp.....

wish i had known how to do this way back when,

hope this helps someone

[nativelasvegan]

I have heard of this program. From fannie's website, "A HomeSaver Advance is a monetary advance to cure a delinquent loan resulting in a separate unsecured loan for the arrearage amount. You can find more info at this link. https://www.efanniemae.com/sf/servic...veradvance.jsp Here is some information copied directly from the website. As a loss mitigation option available to approved Fannie Mae servicers, a HomeSaver Advance™ (HSA) is an unsecured personal loan designed to help eligible borrowers cure their first lien mortgage loan delinquencies. It provides funds to cure arrearages of principal, interest, taxes, and insurance (PITI), as well as other advances and fees. HomeSaver Advance is documented by a borrower-signed promissory note, payable over 15 years at a fixed rate of 5% with no payments or interest accrual for the first six months. HomeSaver Advance is designed for qualified borrowers who have fallen behind on their mortgage, but are able to resume timely payments once their loan is brought current by the advance. It helps simplify and streamline the workout process for applicable loans, as it provides an option for earlier resolution of delinquent loans.