You're Now Reading:
Time Running Out for Oregon Mortgage Assistance
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Time Running Out for Oregon Mortgage Assistance
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Time Running Out for Oregon Mortgage Assistance
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

January 6, 2011 (Jeff Alan)
mortgage-help-oregon-image
Time is running out for Oregon residents, who can receive up to one year of mortgage payments, or a total of $20,000, which is up for grabs in the Mortgage Payment Assistance Program (MPA), and you can still apply until Jan. 14.

And homeowners do not even need to be in foreclosure to be eligible for the money.

“A homeowner doesn’t even have to be in default to apply for this program,” according to Emily Reiman, Neighborhood Economic Development Corporation Regional Housing Center Manager in Lane County. ”If a homeowner has been drawing on savings or retirement accounts, they could be eligible for the money. It sounds a little bit too good to be true to think that you could have your mortgage paid for a year.”

Other eligibility requirements include being unemployed or underemployed. For example, if you make 120 percent of the median income, which is about $74,000 for a family four, and if you’ve lost 25 percent of your income, you could be eligible for financial assistance. Homeowners can find the complete eligibility requirements online at http://www.oregonhomeownerhelp.org/.

The year-long payments are technically a loan, but at no interest. And the government will forgive 20 percent of the loan for every year you stay in your home. If you stay in the home for five years, which equals 100 percent, you don’t have to repay the loan, and you don’t have to pay income tax on the “gift.”

The MPA is the first program under the Oregon Homeownership Stabilization Initiative (OHSI) to be launched. Oregon Housing and Community Services, the state’s housing finance agency, created OHSI to deliver four programs to help homeowners experiencing unemployment or a significant loss of income due to the recent recession.

The MPA program is the largest of the four programs at $100 million. It will help at least 5,000 homeowners pay their mortgages for up to one year or to a maximum payout of $20,000, whichever comes first.

Oregon was identified as one of the nation’s “Hardest Hit” states because of its high rate of unemployment in 2009. The U.S. Treasury granted Oregon $220 million to deliver foreclosure prevention programs.

To start, click here. If you are at immediate risk of foreclosure, call 1-888-995-HOPE (4673).

Tags: mortgage payment assistance, oregon, homeowners, foreclosure, interest free loan, unemployment, mpa, recession, homeowners mortgages

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

January 6, 2011 (Jeff Alan)
mortgage-help-oregon-image
Time is running out for Oregon residents, who can receive up to one year of mortgage payments, or a total of $20,000, which is up for grabs in the Mortgage Payment Assistance Program (MPA), and you can still apply until Jan. 14.

And homeowners do not even need to be in foreclosure to be eligible for the money.

“A homeowner doesn’t even have to be in default to apply for this program,” according to Emily Reiman, Neighborhood Economic Development Corporation Regional Housing Center Manager in Lane County. ”If a homeowner has been drawing on savings or retirement accounts, they could be eligible for the money. It sounds a little bit too good to be true to think that you could have your mortgage paid for a year.”

Other eligibility requirements include being unemployed or underemployed. For example, if you make 120 percent of the median income, which is about $74,000 for a family four, and if you’ve lost 25 percent of your income, you could be eligible for financial assistance. Homeowners can find the complete eligibility requirements online at http://www.oregonhomeownerhelp.org/.

The year-long payments are technically a loan, but at no interest. And the government will forgive 20 percent of the loan for every year you stay in your home. If you stay in the home for five years, which equals 100 percent, you don’t have to repay the loan, and you don’t have to pay income tax on the “gift.”

The MPA is the first program under the Oregon Homeownership Stabilization Initiative (OHSI) to be launched. Oregon Housing and Community Services, the state’s housing finance agency, created OHSI to deliver four programs to help homeowners experiencing unemployment or a significant loss of income due to the recent recession.

The MPA program is the largest of the four programs at $100 million. It will help at least 5,000 homeowners pay their mortgages for up to one year or to a maximum payout of $20,000, whichever comes first.

Oregon was identified as one of the nation’s “Hardest Hit” states because of its high rate of unemployment in 2009. The U.S. Treasury granted Oregon $220 million to deliver foreclosure prevention programs.

To start, click here. If you are at immediate risk of foreclosure, call 1-888-995-HOPE (4673).

Tags: mortgage payment assistance, oregon, homeowners, foreclosure, interest free loan, unemployment, mpa, recession, homeowners mortgages

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

January 6, 2011 (Jeff Alan)
mortgage-help-oregon-image
Time is running out for Oregon residents, who can receive up to one year of mortgage payments, or a total of $20,000, which is up for grabs in the Mortgage Payment Assistance Program (MPA), and you can still apply until Jan. 14.

And homeowners do not even need to be in foreclosure to be eligible for the money.

“A homeowner doesn’t even have to be in default to apply for this program,” according to Emily Reiman, Neighborhood Economic Development Corporation Regional Housing Center Manager in Lane County. ”If a homeowner has been drawing on savings or retirement accounts, they could be eligible for the money. It sounds a little bit too good to be true to think that you could have your mortgage paid for a year.”

Other eligibility requirements include being unemployed or underemployed. For example, if you make 120 percent of the median income, which is about $74,000 for a family four, and if you’ve lost 25 percent of your income, you could be eligible for financial assistance. Homeowners can find the complete eligibility requirements online at http://www.oregonhomeownerhelp.org/.

The year-long payments are technically a loan, but at no interest. And the government will forgive 20 percent of the loan for every year you stay in your home. If you stay in the home for five years, which equals 100 percent, you don’t have to repay the loan, and you don’t have to pay income tax on the “gift.”

The MPA is the first program under the Oregon Homeownership Stabilization Initiative (OHSI) to be launched. Oregon Housing and Community Services, the state’s housing finance agency, created OHSI to deliver four programs to help homeowners experiencing unemployment or a significant loss of income due to the recent recession.

The MPA program is the largest of the four programs at $100 million. It will help at least 5,000 homeowners pay their mortgages for up to one year or to a maximum payout of $20,000, whichever comes first.

Oregon was identified as one of the nation’s “Hardest Hit” states because of its high rate of unemployment in 2009. The U.S. Treasury granted Oregon $220 million to deliver foreclosure prevention programs.

To start, click here. If you are at immediate risk of foreclosure, call 1-888-995-HOPE (4673).

Tags: mortgage payment assistance, oregon, homeowners, foreclosure, interest free loan, unemployment, mpa, recession, homeowners mortgages

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.