Avoid Foreclosure-government grants to pay mortgage payments

Avoid Foreclosure: Sign up for a Free Government Grant Today!
When I was in college, I remember constantly hearing about buying a house! It seemed like everyone I knew was trying to get into a condo, house, townhouse or a house. It was the “smart” thing to do to buy a house and avoid “throwing your money away” through renting. The theory of it all makes sense. Why not buy a house and pay down the mortgage instead of paying in rent just to pay down THEIR mortgage.
Well, then I started to wonder how everyone I knew seemed to be able to afford to buy a house. What about down payments, interest rates, monthly payments, Taxes and Insurance etc.? How were all these college students affording all of this with their part time jobs?
I started to do some more research only to find out that they couldn’t afford it! They became caught up in what is called and ARM ( Adjustable Rate Mortgage), Interest Only, or Reverse Mortgage. All of these options do NOT include paying down your mortgage. In fact, some of them are EVEN making you become MORE in debt.. . . worse off than renting! The worst option of all ( in my opinion) was the adjustable rate mortgage. You are sailing along with a 1% interest rate for the first two years then BAM! You interest rate goes up to 8, 9 or even 10 percent!
All of these people were banking on one thing: the economy! They all thought that the economy would keep growing and their equity would keep doubling like it had the previous year. Nobody ever thought about what would happen if the economy started to take a turn in the opposite direction.
So, little by little when people’s Adjustable Rate Mortgages started adjusting, they realized there was no way they could afford their doubled payments and then the horrible word started to take place: FORECLOSURE! The more foreclosures, the worse the economy became and then. . . the domino effect!
But, I can’t help but wonder through all of this why people are not taking advantage and apply for free grants to help them keep their house! The government does not want the domino effect to continue and gives out free government money to keep people from entering into foreclosure. The government gives out thousands of different grants for countless different options. I can almost guarantee that one of the free government grant applications would apply to you.
There are free business grants, free cash grants, free college grants, free government business grants, free government grants for college, grants for small business, grants for women, grants for women business owners, housing grants, home improvement grants, minority business grants, minority grants, money grants, music grants and many many more.
Now, you are probably wondering how to go about applying for a government grant in order to save your house from foreclosure or better your financial situation in any way! http://www.grantgenerator.com is a great site to begin with. It will give you the information you need on how to apply for a government grant, which government grant would be best for you etc. Best of luck to everyone!

Government Grants For Homebuyers

Your home can be your greatest asset. The current housing market can be a huge benefit for first time home buyers. There are many great deals to be had in every state. Not only can you find phenomenal bargains on real estate, but the government is offering first time home buyers a $7500 tax credit. That being said, the main challenge that first timers face, is qualifying for the loan. Many of the mortgage loan programs and credit requirements have changed, and most home buyers must have a substantial down payment in order to get a loan. There is help though. Down payment assistance programs are popping up all over. One of the more popular down payment options comes in the form of a government grant. The great thing about a getting a grant for down payment assistance is that it doesn’t usually have to be paid back. Grants differ from state to state, as well as on your income. Your credit does not affect your chances of getting a government grant, but your income does. The number of dependents that you are responsible for is also taken into account when examining your income bracket, as well as the average income for the area where you are looking to purchase your home. There is government grant money available for all types of income though, so don’t let that stop you from applying. Some of the other requirements are not having been a home owner in the last 3 years, not having a bankruptcy in the last 2 years, and not having a prior foreclosure on your record. It will also be difficult to qualify if you have ever defaulted on a government loan, or have outstanding tax liens, or unpaid child support.
Some government grants for down payment assistance do have to be paid back, but not until the home is sold, and there is no interest or installments that have to be paid. No matter how you look at it, there is no reason not to apply, it doesn’t cost anything and you may qualify even if you have had some of the problems listed above. Government Grants have helped many first time home buyers to get into the home of their dreams. Why not you? Learn how to apply at http://www.federalgrantonline.com