Mortgage Update

I called HUD today and got through easily by phone. I do not qualify for any HUD programs because I am unemployed and my mortgage is not owned by either Freddie or Fannie.

However, if I want to refinance later in the year and am still unemployed, I can count Social Security income to refinance, assuming I decide I want to take early Social Security. Because I have high equity in my home, the Social Security income should be sufficient to allow me to refinance, maybe even at a lower interest rate.

BTW, the HUD person I talked with was very helpful, and I was on hold for less than one minute. That is outstanding service in my opinion. I also received a toll-free number if I want to talk to a HUD-qualified housing counselor and I was told exactly where to find HUD-approved lenders on the HUD website.

All in all, this is not the best news in the world, but I can see "a light at the end of the tunnel."
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