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State plans refinancing events for 2013

MortgagesExecutive BranchFinancial and Business Services

The Maryland Department of Housing and Community Development is planning a series of events for next year about refinancing home loans, Lt. Gov. Anthony G. Brown announced at the 2012 Governor's Housing Conference that was held Tuesday at the Hilton Baltimore hotel.

“These events could affect thousands of homeowners who are not facing foreclosure, but may feel trapped by their negative equity position in homes and could benefit from a reduction in their mortgage payment,” said DHCD Secretary Raymond A. Skinner.

The refinancing events, which have not yet been scheduled, “will educate homeowners about their refinance options, connect consumers with lenders and offer the opportunity to receive free housing counseling,” the department said in a statement.

“Helping connect Maryland homeowners with opportunities to refinance will not only help the homeowners themselves, but will also help provide an economic boost to their communities and the State by lowering monthly mortgage payments so families have additional spending money,” the statement said.

The Housing and Community Development Department has been co-hosting the Governor's Housing Conference for 11 years. About 800 were in attendance at this year's conference.

Have a real estate news tip or experience to share? Email me at steve.kilar@baltsun.com.

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