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More help for struggling homeowners

9:24 AM Thu, Jul 02, 2009 |
Terri Gruca

Thumbnail image for home money.jpgMore homeowners will soon qualify for more government help. The Obama administration is expanding a program to help more homeowners avoid foreclosure.

The changes mean borrowers who owe 25 percent more than their home's market value will qualify for government help refinancing their mortgages. Currently the program helps borrowers who owe five percent more than their homes are worth.

The goal is to help homeowners who've been making their mortgage payments on time, but they've been unable to refinance because property values have declined.

You can get more information and see if you qualify for the Relief Refinance Mortgage program here.




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Terri Gruca anchors KVUE's 6 and 10pm newscasts. She brings you the latest consumer news and tells you where to find the best deals.


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