http://www.mortgagenewsdaily.com/372008_HomeSaver_Advance.aspYet another program to help homeowners who are delinquent on their mortgages was announced last week by Fannie Mae . HomeSaver provides funds to pay past due balances of principal, interest, taxes, insurance (PITI), and up to six months (in some casesenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/372008_HomeSaver_Advance.asp#59313Wed, 11 Mar 2009 16:02:38 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:59313Nancy HazimWe were notified yesterday via FedEx that we qualified for this program. This was an answer to our prayers. My husband was out of work for over a year. We have struggled by borrowing from family, taking turns paying different bills each month etc. When he went back to work we were were already 3 months behind. We asked for a loan modification which would have increased our mortgage payment anyway. At the outset this looks like a great way for people in my position to get the help needed and boy is it every appreciated....<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=59313" width="1" height="1">http://www.mortgagenewsdaily.com/372008_HomeSaver_Advance.asp#46146Fri, 23 Jan 2009 23:50:29 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:46146Justin Blackmer This is a great program. I will clear one thing up from the letter above, the $600 workout fee paid to the servicer is not a cost to the borrower. Not only do you avoid paying additional late fees with this program. You also get all previous late fees waived. This loan has no pre-pay penalty, so you could pay it off without paying any interest in the first 6 months. Might not be the greatest idea in most cases to take on more debt to pay debt, but for the customer this product is targeted toward it&#39;s a great tool. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=46146" width="1" height="1">http://www.mortgagenewsdaily.com/372008_HomeSaver_Advance.asp#10078Sat, 23 Aug 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:10078Mike MGot laid off as a direct result of fuel prices , immediately sought and recieved forebearance. Forbearance plan resulted in late payments reported to credit files This home saver plan with bring mortgage current , wonder if that will fix credit files? Plan is helpful, just wish it came sooner.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=10078" width="1" height="1">http://www.mortgagenewsdaily.com/372008_HomeSaver_Advance.asp#10077Fri, 16 May 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:10077RJI just got a letter about this in the mail yesterday...and I am so releived. I had called my mortgage company about a repayment plan, however the monthly amount was more than I could afford with gas, car payment etc. I was behind 3 months around 8,000. But with this, I can afford my regular monthly payment. It really is a big help to somoene. I agree, I don&#39;t want additional debt, but it will be the boost that I need to get caught up and get my credit back on track. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=10077" width="1" height="1">http://www.mortgagenewsdaily.com/372008_HomeSaver_Advance.asp#10076Sat, 19 Apr 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:10076Robert J. TaylorBoth of the previous comments are pertinent. This program provides funds for people who can&#39;t get such financial relief elswhere. And, the reader is right: it beats paying late fees which are also additional debt and her medical situation was temporary - this personal loan gave her the shot in the arm she needed to RESUME her mortgage obligation. On the other hand, obtaining debt to payoff debt is not very prudent unless, as in this case, the wolves are at your door. My company offers this program, and other new programs, to homeowners in that readers situation. We are American Mortgage Relief, Inc. If anyone out there needs conversation regarding options for relief, I&#39;ll talk to you anytime. Both good posts, please continue the informative communication!<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=10076" width="1" height="1">http://www.mortgagenewsdaily.com/372008_HomeSaver_Advance.asp#10074Mon, 17 Mar 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:10074Teresa ReedI just received the phone call for this loan and am elated!!! While it may add a payment, it beats paying a late fee every month when you owe past money that has been put in abeyance and also helps you to improve your credit faster. I am so thankful for the call. I don&#39;t know how my name was selected for this, but I must have an angel on my shoulder. Being sick and unable to pay my mortgage and then by the time it got straighted out I was $10,000 in the whole with all the fees. Thank you Fannie Mae<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=10074" width="1" height="1">http://www.mortgagenewsdaily.com/372008_HomeSaver_Advance.asp#10073Mon, 10 Mar 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:10073RoyThe thing I don&#39;t like about this program is that, it&#39;s obtaining more debt, (personal loan), to bring a bigger debt current. It&#39;s never good to give more debt to someone who already proved that they can&#39;t always handle it. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=10073" width="1" height="1">