Yesterday, mortgage giant Fannie Mae launched a new website for distressed homeowners who need help figuring out what to do next.
Knowyouroptions.com offers information on refinancing, repayment plans, forbearance agreements, mortgage modifications and other possible solutions.
Homeowners who no longer can afford their mortgages but want to avoid a foreclosure on their credit history can learn about graceful exits -- short sales and deeds in lieu of foreclosure.
Spokesman Jason Vasquez states: “We want to avoid foreclosure. That’s just not good for anybody.”
The website is interactive and available in English and Spanish. Borrowers don't need Fannie Mae loans to take advantage of the site.
No comments:
Post a Comment