Homeowners who have not signed up for the Homeowner’s Mortgage Relief Stimulus program should before the end of the year.
Savings from these programs is helping homeowners across the country cover various expenses such as home improvements, remodels, debt or other bills.
These programs are helping middle-class Americans and stimulate the economy and the majority of people benefiting from these programs are now using the funds towards home improvement and remodeling.
Previous programs have expired, however they have been brought back through the end of 2020 to help homeowners with various home improvement needs. If you had been denied in the past you may now qualify as the guidelines may have changed.
Under the current administration, the economy is greatly reaping the benefits from middle-class homeowners. If you see value in doing improvements, remodels, planning ahead for early retirement or paying off bills and debt, you should take advantage of this government backed program as soon as possible.
Banks do not want homeowners to know about these programs as they can greatly lower mortgage payments for middle-class homeowners, improve their home or take care of other expenses as well. Luckily these programs have been extended temporarily with no deadline announced so we recommend checking your eligibility as soon as possible!
While the deadline for the home improvement incentive has not yet been announced, it could end at any moment. So while the banks patiently wait for these programs to expire, homeowners are urged to check their eligibility while they still can.
Pro Tip #1: A credit score of 600+, which is considered “Good” credit, can help you get the largest possible payout.
Pro Tip #2: Only single-family homes are eligible. No apartments or mobile homes (Sorry!)
¹ – http://www.fanniemae.com/resources/file/aboutus/media/HARP-Research-Report-030613.pdf
* – Based on Median Home Equity of Americans aged 45 to 54 of $70,000 (U.S. Census Bureau)
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