Is Mortgage aid helping those who need it? - By: Billy Alverado

Whether we want to admit it or not we have seen quite a bit of activity lately pertaining to helping those homeowners in distress. Both the government and the lenders have been making efforts to help. Uncle Sam has gone out of his way to drive interest rates down to historic lows, and consumers are scrambling to take advantage.

But should we roll out the victory flag yet?

No! What we need to do is look at this activity and sees who has really benefited. Certainly we all benefit from confidence in the U.S. Financial system, but who is really getting help? Who is doing this new refinancing that is being supported by the president?

The majority of the refinancing being done currently is by homeowners who are in good standing with their financial institutions. Naturally, they are the ones who can get approved for refinancing. Chances are if you are behind in your mortgage payments your credit will not qualify for a mortgage refinance.
So is it fair to say that those that are benefiting are those that do not really need it?

Are we missing the mark?
Does the refinancing program really help you if you can not qualify for them?
Since the goal of lowering the rates was to help those that are distressed should not those rates be made available in the form of modifications and not refinancing?

Shouldn't the government take a closer look and make changes to ensure that their efforts are indeed hitting the targets?

The politicians and the press will tell you that there are other programs in place to assist the distressed homeowner, programs that will help them find remedies to their problems, but if you can not get through on 1-877-Get-Hope, then what Hope do you have?

Do the current programs that are in place really help by providing realistic modification options?

The statistics show that over 50 to 11.03 into one of those low rates the president is saying should help the home owner who is at risk of foreclosure. While a negotiation agency may not be able to procure you one of those rates, a seasoned expert will be able to help you get around the system and possibly help provide you with terms you can handle.

Discover how you can ethically modify your home mortgage loan and save as much as 47% off your current mortgage payment in as little as 60 days without refinancing? For your FREE CD, FREE e-book, and FREE coaching call with Mortgage Modification Expert and Business Man of the Year Billy Alvaro visit our website Saint Jude's Mortgage Rescue

About the Author

For your FREE CD, FREE e-book, and FREE coaching call with Mortgage Modification Expert and Business Man of the Year Billy Alvaro visit http://www.loanmodificationbysaintjude.com Saint Jude's Mortgage Rescue

Article Directory Source: http://www.articlerich.com/profile/Billy-Alverado/71077

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