Home Loans and Mortgages Help for Hurricane Katrina Victims
Hurricane Katrina swept through the Gulf Coast region recently and left nothing but destruction in her wake. Thousands of people are homeless, jobless and penniless, and it is not currently known how long the local economy will take to recover. Adding to the problems associated with being displaced and having no job is the fact that most of these thousands of displaced families have homes with mortgages that need to be paid. For them, help will be available.
In the last five years, home prices have skyrocketed, and that has made basic home ownership more of a burden than in years past. Thanks to a slew of new loan options, more Americans own their homes than ever before, but the high prices mean that a larger portion of monthly income goes towards the mortgage. This makes it harder on homeowners when disaster strikes, and Hurricane Katrina has done just that. Not
