THE HOPE LOAN PROGRAM

Basics
The Hope Loan Program is a U.S. federal law which takes effect October 1, 2008 and is designed to save at risk homes for those who qualify for the program and where both parties agree to abide by the program.

Benefits

• Avoid foreclosure;
• Save your family home;
• Reduce your mortgage payments;
• Reduce the amount you owe on your home;
• Provide you a 30 year fixed rate mortgage;
• Avoid having to move and moving expenses;
• Avoid the serious damage a foreclosure record does to your credit in the future;
• Receive the benefit of a government guarantee in the form of insurance to your loan company;
• Share your gains when you sell or trade with Uncle Sam, who helped you save your home.