It’s a new year but the hard times of 2008 continue for many people struggling to make mortgage payments in this economic downturn.
And people who are still making their payments may want to refinance, taking advantage of new low-interest rates. But the state’s Banking, Insurance, Securities and Health Care administration is warning people to be careful, and remember that if something seems too good to be true, it probably is.
And Vermont’s Deputy Banking Commissioner Tom Candon says his office has heard from a lot of people recently…taken in by exploitative loan modification services.
Click listen to hear the entire interview.
Vermont’s Mortgage Assistance Program: