With Connecticut home values decreasing daily, foreclosures at an all-time state high and adjustable mortgage rates in the double digits are the norm across Connecticut what does the future look like for those of us who carry debt?

Connecticut homeowners recently received some help from the FHA Secure program, but the problem with that program was that many connecticut mortgage lenders did not want to offer it. In order to add further help our governor recently unveiled the CT Families Program which will provide relief to you if:

• Your home is worth more than you owe (you have equity)
  
• You have generally made your mortgage payments on time
  
• You personally live in the property
  
• You can document your current income

If you have an Adjustable Rate Mortgage (ARM), whether current or delinquent, you may refinance the original ARM that was used to purchase their first home (owner occupied property) if:

1) The mortgage being refinanced is a non-FHA (HUD Insured) ARM.

2) In the event you are behind in making your mortgage payments or have had late payments within the last 12 months, the following must apply:

It is important to remember that late payments must have been a result of your interest rate and payment increasing.

It is also a requirement that you must have been current with your payments for the 6 months prior to your adjustable rate mortgage increase.

Additionally, all of your other recurring monthly debts (i.e, car payments, credit card payments, etc) must have been paid on time and then you may be eligible for consideration under this initiative.

In my opinion this is a very selective program, but it should help many Connecticut homeowners. However, what about the folks who are just plain tired of having hundred's of thousands of dollars of debt hanging over their head? Are you one of those people, because if so I have a brand new system especially for Connecticut residents which will allow you to 100% and totally eliminate your debt forever.

Sound too good to be true? Then see for yourself by clicking below...

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