Unaffected by shutdowns, the Flex Modification Program (FMP) is proving to be a big winner for the middle class. But it’s making banks nervous, so how long can this continue?
(Washington, D.C.) Middle-Class Homeowners are reducing their mortgage payments by an average of 20%, thanks to a little-known government program that is gaining steam.
The Flex Modification Program (FMP) was put into place to help middle-class homeowners who owed less than $679,650 on their homes. But of course, banks likely insisted it not be made public, which is why you’ve never heard of it.
The Cat is Out of the Bag
However, nothing stays hidden in the age of the internet, and this program is going viral. Banks are screaming (they don’t want anyone paying less), so the future of FMP is unclear.
The good news is, you can qualify to lock in right now.
Help for the Middle Class
Some homeowners think this is a program for those who need assistance. This is 100% false – this program is designed for eligible homeowners who owe less than $679,650.
- You can instantly cut your mortgage payment by 20%. For example, if your payment is $1750 a month, Freddie Mac’s Flex Modification will save you a cool $350 a month. And that’s money in your pocket every single month.
- Depending on your mortgage amount and details, you may be able to take instant cash out as well, and/or reduce years off your mortgage.
Find Out Instantly How Much You Can Save
You can get qualified and find out how much you can save for free. There’s no obligation, and you can even compare different payments side by side. The best part is, once you lock in, you’re in.