The Truth About FHA’s 40-Year Mortgage

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Welcome to The Investor Spotlight! In this segment, we will feature a short clip from a previous episode. 

In this episode, I discuss the Federal Housing Authority’s (FHA) recent proposal for a 40-year loan modification program for homeowners who have fallen behind on their mortgage. 

There is a lot of misinformation that’s been put out there, so in this episode I share the correct details straight from the U.S. Department of Housing and Urban Development (HUD) website. In this episode I discuss the pros and cons of this proposal, other options FHA provides struggling homeowners and more. 

The link to the announcement from HUD with full details can be found here. https://www.hud.gov/press/press_releases_media_advisories/HUD_No_22_070

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