This 2021 Mortgage Stimulus Program is aimed to help average American citizens and stimulate the economy. Utilizing this new service could get homeowners $307 /mo or $3,252 per year!


Savings from these homeowner programs can help go towards various expenses such as home improvements, remodels, debt or other bills. The majority of people benefiting from these programs are using the funds towards home improvements/remodels.

Banks do not want homeowners to know about these programs as they can greatly lower mortgage payments through this simple Government backed solution.


Due to our current political climate we recommend checking your eligibility as soon as possible before deadlines are announced or requirements are changed. 

 Average savings for homeowners who have used Enhanced Relief  Mortgage Stimulus: 



Per Year

Mortgage Stimulus Main Benefits 


Lower Monthly Payments

When you refinance to a lower interest rate mortgage, you pay less every month for the life of the loan.


Lower Interest Rates

2021 housing rates are more than 30% lower than in 2009.


Financial Stability

Switching to a fixed-rate mortgage provides affordability & stability.

US Homeowners Mortgage Relief Program

Check My Eligibility

Go to Mortgage Relief Program website there, answer a few questions about your home and how much cash you would like to receive.


It's 100% FREE and it only takes 2 minutes.

US Homeowners Mortgage Relief Program

Checking Eligibility is Completely Free!

How Do I Know If I Qualify?

It's completely free to see if you qualify and takes 60 seconds or less. 

Homeowners who have a mortgage balance of under $718,000 are more likely to qualify for a larger cash out payment.


While the deadline for the 2021 Enhanced Relief Stimulus has not yet been announced, it could end at any moment. So while the banks patiently wait for these programs to expire, homeowners are urged to check their eligibility while they still can.


Pro Tip #1: A credit score of 550+, which is considered "Good" credit, can help you get the largest possible payout.


Pro Tip #2: Only single-family homes are eligible. No apartments or mobile homes (Sorry!)

US Homeowners Mortgage Relief Program

 Average savings for homeowners who have used Enhanced Relief  Mortgage Stimulus: 

Per Year

What Home Refinancing Options to Choose?


The process of substituting the original mortgage with a new one is defined as refinancing. Usually, homeowners decide to refinance their mortgages in order to get better terms or lower interest rates. The option of home refinancing is especially good for people with good credit history. However, for borrowers with bad rating or highly indebted, such a decision will be pretty risky. Yet, the options of home refinancing can vary.

HARP as an option for underwater loans

In many cases, especially after the recent global financial crisis, homeowners turn to home refinancing because their loans exceeds their market value (so-called underwater loans). HARP, the Federal Home Affordable Refinance Program, allows the borrowers with good credit history and with loans varying from 105% up to 125% of their home’s value to apply for this program.

However, there are some drawbacks in this option. First of all, this option is available only for borrowers with underwater loans. As well, HARP requires good credit history and takes into consideration many factors.

HAMP for borrowers with bad credit history

HAMP (or the Federal Home Affordable Modification Program) was created for underwater mortgages with missed payments in the past. In order to apply for such mortgage, you should display financial difficulties that put your mortgage in high risk of default. Yet, many experts draw attention to the fact that it is rather not a refinancing program, but a change to the terms of contracts.

Programs of banks

Some borrowers cannot apply to the two above-mentioned programs. However, many banks offer their own programs, aimed to ease the burden of high debt or unbearable terms. Try to research the market and find the best options for you. Banks can offer various programs, beginning from conventional refinance programs and finishing with special programs for small loans (up to $200,000, for example). The programs like streamline refinance allow you to get an approval for the mortgage with lower interest rates faster.



Guidelines to Reverse Mortgage


Reverse mortgage is considered to be a solution to money problems of the elderly. This can also be helpful in making your retirement easy and joyful. This reverse mortgage needs to be handled with the help of qualified professionals as this is definitely confusing as the interest along with the fees can use a big portion of the equity of the homeowner. This mortgage allows a homeowner to borrow against the equity built up in a home. This can supplement the income and you can yet remain in the present home. Before you opt for this it is necessary to consider specific factors.

You need to be aware that the reverse mortgage is only for those who are 62 years of age and are living in the home as a primary residence. This mortgage is different from the other conventional mortgages. This mortgage is set in a way that the lender makes payments to you. The amount received depends on the home value. You can keep the title of the home but you need to pay property taxes, homeowner’s insurance and also look after the maintenance of the home.


2. Different Payment options:

There are multiple ways you receive funds from the reverse mortgage. You can choose between the line of credit, receiving a lump sum of money or probably a payment on a monthly basis. You can also opt for a combination. For the apt choice, a homeowner needs to chart out how the money will be spent and for what this is required.

3. Fees involved:

It is important to find out the smallest of details with the reverse mortgage. There are initial costs which include fee for loan origination, closing costs and an appraisal fee. For apt understanding of the loan you will need the help of a counselor. There is a possibility of you paying the fees for loan servicing and also for the mortgage insurance. The total closing cost works out to nearly 3 to 4 percent of the value of a home.

4. Checking equity:

For maximum benefit of the reverse mortgage it is important that you have enough and more of equity in your home. A financial advisor can help you out if you carry a small mortgage in retirement.


5. Long Term Planning:

The reverse mortgage is repayable when you pass away or if you re-sell the house or move out. In case you have decided to move after a specific time span it is wiser to consider the other options available for the required cash flow.

6. Using reverse Mortgage:

Before opting for this option of the reverse mortgage it is important that you decide on what the money will be spent. The age can make a difference to the spending of the mortgage. Those of you who are 60 and above, need to ensure that the money is not wasted on frivolous expenditure.

It is advisable to conduct a thorough research for the apt reverse mortgage and not get swindled easily. Seeking professional help can work out safe.

Miniature House in a Nest. Home Equity Concept.

Banks and other financial institutions have made it possible for many people to own homes by giving them mortgage loans. Financial management is an important aspect for every mortgager. One can only be comfortable in a mortgaged home if the loan is being paid well and without difficulty. Home refinancing can be a necessity when it comes to proper financial management.

Mortgage loans are long term debts to home owners. Most mortgagers will be required to adjust their ways of living so that they can comfortably repay their mortgages. In some situations refinancing can help reduce the amount of monthly repayment for the mortgaged facility. This can be possible in cases of reduced mortgage interest rates. Reduced monthly mortgage repayments can help the homeowner meet other obligations that could have been difficult to manage without refinancing.

In some cases the mortgager may be capable of making higher payments than agreed in the mortgage agreement. This can be as a result of increased monthly income from salary and other sources. In such like cases, the mortgager will require a shorter repayment period than was initially agreed. Refinancing a mortgage facility for a shorter term can help a homeowner achieve his/her investment dreams within a shorter period than had earlier been planned.

Home refinancing can also help a home owner consolidate all debts into one credit facility. Some debts such as credit card debts though small, may be expensive to manage. Through home refinancing, a home owner can get rid of unwanted debts and as a result remain with one debt that can be easily managed.

Although refinancing may be a better option for many homeowners, it can be an expensive thing to do. When making a home refinancing decisions, one is therefore expected to do a thorough analysis so as to ensure that the result is positive.