debtconsolidationconnection.com
501 (c)(3) non-profit Organization
Free Consultation
Debt management may help with credit cards, while Fannie Mae offers mortgage assistance website
By Marvin Milner on Aug 4th, 2010
Struggling with credit cards and other forms of debt, some consumers may find that handling their home loans has become a problem.
In fact, roughly 1.6 million properties in the country received some form of foreclosure notice during the first half of 2010, according to a recent report from RealtyTrac. However, consumers who are having problems may benefit from a new offering from Fannie Mae.
The government-backed company that helps guarantee mortgages said it has launched a new website designed to help troubled borrowers find a way to deal with their mortgages. Through the Know Your Options program, consumers can investigate options like refinances or modification programs.
"There are different answers for different situations and this site can be an important tool in the toolbox for borrowers trying to do the right thing," said Fannie Mae senior vice president Jeff Hayward.
While these options could help with mortgage loans, other bills, such as credit cards, may need their own solutions. One of those consumers might pursue is debt management, which can help pay off what is owed over time.
More Debt Management News
