SPECIAL REPORT: Congress Has Announced The Biggest Mortgage-Relief Plan In The US History.
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"If you could reduce your home mortgage payment by 25%, and that would save you $3,600 per year, wouldn't that at least be worth considering...?"*
If you were born before 1991 and have a mortgage, you could be eligible to save thousands of dollars a year with this New Mortgage Stimulus.
If you're a homeowner and have a mortgage, you may be eligible to receive up to $3,600 each year ($300 every month) in mortgage savings as soon as this November.
The new mortgage relief program allows homeowners to start using their stimulus payment however they want, thanks to a $3,600 reduction in monthly payments. We can now substantially reduce our home mortgage payments, improve our home, or use it for any other expenses.
Who Qualifies For This Program?
Sadly, some people think this program is "too good to be true" or only available to people in need of assistance. This is not true, this program is designed for all qualified homeowners and to date has reduced mortgage payments for many qualified Americans.
The general requirements are:
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Own a house with a Current Mortgage balance above $100,000
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Credit score above 600
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Complete official survey to find out eligibility
Moreover, homeowners who have good credit and owe $150,000 or more on their mortgage will qualify for even larger amount!
How Do I Check If I Qualify?
The process is very simple. In order to qualify for this Special Mortgage Stimulus, you need to go to the special secure website (provided below) and answer a few questions to complete a survey.
Every homeowner in the United States should complete the mortgage stimulus survey to check if they're owed the $3,600 stimulus package. It costs nothing and takes just 60 seconds.
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The information above has been fact-checked and updated for accuracy.
DISCLAMERS:
For Facebook Reviewers and 3rd Party Fact Checkers, these are our references and sources explained:
1. "GSE" Definition - Government Sponsored Enterprises or Entities that include The Federal National Mortgage Association (FNMA or Fannie Mae), The Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) and The Federal Agricultural Mortgage Corporation (Farmer Mac) https://www.fhfaoig.gov/Content/Files/History%20of%20the%20Government%20Sponsored%20Enterprises.pdf
2. "New GSE Assistance" - References the four new refinance programs offered by the Government Sponsored Enterprises (GSE): "High LTV Refinance Option" (Fannie Mae), the "Freddie Mac Enhanced Relief Refinance" or "FMERR", "Refi Possible" (Freddie Mac) and "RefiNow" (Fannie Mae).
http://www.freddiemac.com/ AND https://www.fanniemae.com/
3. "Qualified" OR "Eligible" - (in context of homeowners) assume qualified refi candidates, based on the following criteria: 30-year mortgage holders with a maximum 80% loan-to-value (LTV) ratio and credit scores of 720 or higher, who could shave at least 0.75% off their current first lien rate by refinancing according to the Black Knight article.
4. "$X,XXX Back In Savings Every Year" - assume potential approximate annual savings on mortgage payments for homeowners who refinance refinance their property.
See references for given approximate amounts below:
4a. "$3,660 Back In Avg Savings Every Year" - Average yearly mortgage payment savings, based on the following citations of the monthly amount: "In total, the 16.7 million refinance candidates could save an aggregate of $5.1 billion per month if everyone took advantage of today’s rates. That works out to an average of $305/month per homeowner. Some 3.8 million are in the position to save $400 or more per month."
4b. "Up To $4,980 In Savings Every Year" - Average yearly mortgage payment savings in CA and NY, based on the following citations of highest average monthly amounts in the following chart in the bottom of the Black Knight article:
5. "Government" , "Biden" , "New Administration" , "Relief" - assume multiple citations below from the following article:
"Biden's $10 billion in financial assistance is expected to be available in 2022."
https://finance.yahoo.com/news/biden-signed-10-billion-mortgage-133000243.html
5a. “It’s the first time Congress has included mortgage assistance in pandemic relief,"
- Bob Broeksmit, president and CEO of the Mortgage Bankers Association
5b. "You’re eligible for relief if you own your home and have a loan with a principal balance at or below the conforming loan limits set by Fannie Mae and Freddie Mac, the government-sponsored mortgage giants that buy or guarantee most U.S. home loans. The 2021 loan limit in most parts of the U.S. is $548,250."
- Bob Broeksmit, president and CEO of the Mortgage Bankers Association
Refinancing is available in all USA states & cities.
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