- N.C. Foreclosure Prevention Fund - State Home Foreclosure Prevention Project
Pay Off Your Second Mortgage
Due to recent economic challenges, you may find you can no longer afford the payment on your second mortgage.
You must have a good mortgage payment history prior to your recent income loss or financial hardship.
If you qualify, the Second Mortgage Refinance Program may help you reduce your monthly payments by refinancing your second mortgage. The program offers a zero-interest, deferred payment loan of up to $30,000 plus all related fees to pay off your existing second mortgage.
Homeowners who have participated in the Mortgage Payment Program and are now re-employed may be eligible for the Second Mortgage Refinance Program if they still have a demonstrated financial need. A housing counselor can tell you more.
Or, you can go to Am I Eligible, complete a short questionnaire, and apply online if you are determined to be eligible.