Mortgage Assistance? With the multitude avenues reported in the news about mortgage relief, where is the best?

source of information. I am not in default of my mortgage. My payments have never been late. We have been in this house for 5 years. We have an interest rate of 5%. However, our house according to Zillow has lost 22-25% of it's value and therefore we are in negative equity a bit. What assistance is available for a responsible homeowner like myself?

2 Answers

Relevance
  • ?
    Lv 7
    8 years ago
    Best Answer

    Absolutely NOTHING. Your loss of value is intangible and Zillow posts a warning that their estimates are not guaranteed. Enjoy your home and stop worrying.

  • LILL
    Lv 7
    8 years ago

    None. Talk in the news is just that...talk. Nothing has been passed in congress..not will it ever be. It's an election year, and there is plenty of BS going around.

Still have questions? Get your answers by asking now.