http://www.rmilending.com. California is offering free money for mortgages while making a push to get homeowners into a 2 billion dollar foreclosure prevention program, and as a result, you could see a principal reduction on your mortgage if you qualify. The program is called Keep Your Home California, and it’s been around since last year but most lenders didn’t participate in it because the program required the banks to match taxpayers funds when homeowners received a mortgage reduction through the program. That requirement has been eliminated and now Fannie Mae & Freddie Mac are all aboard, and they own 62% of the mortgages in California. The changes to the program should be available in June, and eligible homeowners can receive up to $100,000 in principal reductions or money to pay their mortgage. If you want more information to see if you qualify, just go to keepyourhomecalifornia.org
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