| With all the government money available to help | | | | grant money to pay down principle and build more |
| individuals caught in a bind with their mortgage, there | | | | equity, and even refinance to lower your payments at |
| are a few different options to consider. A mortgage | | | | that point. |
| grant is not one that has been getting a lot of attention | | | | Home mortgage grants have been around for a long |
| lately, but can be an excellent option to consider. | | | | time, but there is very little advertising or discussion |
| These grant programs provide as much as $20,000 in | | | | about these programs. In the past it has been a bit of |
| cash that never has to be paid back, and it won't | | | | a secret as to where to find these grant funds and |
| affect your credit score like a modification can. | | | | apply for them. That's because they are typically |
| Because your lender will never know where your | | | | provided by state and local governments, which do a |
| income source came from, a mortgage grant can help | | | | poor job of advertising. |
| in the long run. While it won't lower your payments like | | | | Home modifications are federally funded, so they are |
| a home mortgage modification can, grant funds can | | | | a bit more organized. But mortgage grants can be |
| help you pay off bade debt and allow you to keep | | | | provided by a variety of agencies, with different |
| your home. | | | | qualification and application requirements. Whatever the |
| In doing so, you'll improve your credit score by | | | | case, they can be obtained regardless of income or |
| becoming current with your loan. If, after your | | | | credit, and the cash you receive never has to be paid |
| payments are caught up, you could use the remaining | | | | back. |