Ana and Jose moved into their wonderful home before the birth of either of their two children, and they were looking forward to many years of happiness in the family neighborhood.
But despite their good intentions, tough economic times arrived for the construction industry, and the couple’s finances became tight with a reduction in Jose’s hours.
On top of that bad news, Ana lost her full time position, and she had to replace it with part time work. Always current on their mortgage payments, they knew they needed mortgage help. But unfortunately, all refinance applications at many lenders were either denied, cost prohibitive or their home would not appraise at the needed value. Then the couple’s luck changed. A Spanish newspaper published an article about a family who had received homeowner help and mortgage relief at HomeFree-USA, and it prompted Ana to seek housing counseling. At HomeFree-USA, Ana learned she had a Freddie Mac loan and applied for HARP, the Home Affordable Refinance Program. Not only was the cost effective refinance of their adjustable rate loan completed in record time, but Ana and Jose now have a 30 year fixed rate loan giving them mortgage peace of mind for years to come.