About Making Home Affordable
Obama Administration extends application deadline for the Making Home Affordable Program- Extension through December 31, 2015 will provide struggling homeowners additional time to access sustainable mortgage relief and align end dates for key assistance programs.
For the latest information on Making Home Affordable Program, Click on link :
ABOUT MAKING HOME AFFORDABLE
The Obama Administration has introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis and get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize our housing market and help up to 7 to 9 million Americans reduce their monthly mortgage payments to more affordable levels.
The Home Affordable Refinance Program gives up to 4 to 5 million homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments. The Home Affordable Modification Program commits $75 billion to keep up to 3 to 4 million Americans in their homes by preventing avoidable foreclosures.
A consumer website, www.MakingHomeAffordable.gov, provides homeowners with detailed information about these programs along with self-assessment tools and calculators to empower borrowers with the resources they need to determine whether they might be eligible for a modification or a refinance under the Administration’s program. Through this website, borrowers can also connect with free counseling resources to help with outstanding questions; locate homeowner events in their communities; find a handy checklist of key documents and materials to have ready when making that important call to their servicer as well as FAQs from borrowers in similar circumstances; and much more.
We hope that you will find this website informative and useful as we all work together to solve our nation’s housing crisis and put our country on the path to a lasting economic recovery.
If you don’t qualify for a loan modification, of if you don’t feel a loan modification is the answer for your situation… you may be a candidate for a Short Sale. We are experienced in Short Sales, call us for a confidential appointment to discuss your options.
Gracie & Greg Nilson
* Always consult your real estate attorney and/or tax account prior to making Real Estate decisions.