The federal government has created a program to help the over four million unemployed homeowners behind on their mortgage payments – a loan that doesn’t need to be repaid.
According to an article in the Wall Street Journal, the effort by the Department of Housing and Urban Development will allow qualified homeowners that have lost their jobs to borrow up to $50,000 which they may never have to repay if they meet the requirements.
Applications for the program will be accepted through July 22.
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