Tuesday, April 21, 2009

FICO Offering Free Tool For Homeowners

Fair Isaac Corp. is offering Mortgage Recovery Initiative(MRI), a foreclosure prevention and management tool based on consumer credit behavior feedback. The tool was developed to help facilitate mortgage modifications and mitigate new delinquencies by reducing re-defaults and preventing foreclosures. Check out their website at http://www.mortgagereliefonline.com/. The process is fairly simple and the best part about this service is that it is FREE! You can actually get some help that is easy and free.

The Minneapolis-based firm said MRI assists borrowers and lenders to be aware of and comply with the federal Making Home Affordable, http://makinghomeaffordable.gov/, guidelines. MRI users can also contact program partners such as the Homeownership Preservation Foundation, a national network of HUD certified counseling agencies, Money Management International, a full-service credit counseling agency, and Equifax.

So if you are in need of some relief with your mortgage you have no reason not to check this website out. Sign up with their program and get some answers and some guidance.

If you just need a mortgage refinance or are looking to purchase a home check out http://www.thebriteway.com/.

Have a great Tuesday!

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