Help for Adjustable Rate Mortgage Holders! FHA Secure
Has the interest rate on your adjustable mortgage gone up, making it difficult for you to manage payments? This is a problem faced by many homeowners in today’s market. You have options! FHA’s new program can help! Under this program, homeowners who have been hurt by changes in interest rates on ARMs may be eligible to have their loans insured by FHA. In order to qualify, homeowners must have a history of on-time payments before the interest rate increase, and they must have at least 3% equity in the home. It's important that you act right away!
Go to the FHA site for details.
http://www.fha.gov/about/fhasfact.cfm
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