Obama's New "Making Home Affordable" Plan!

Mar 22nd 2010

Posted By: Mallory Desimone @ 9:44am In: Mortgage Rates

Recently, the Obama Administration has introduced a plan for helping our economy get back on its feet. The plan is called The Home Affordable Refinance Program. Part of this program, MAKING HOME AFFORDABLE, will give between 4 & 5 million home owners with loans OWNED or GUARANTEED by Freddie Mac of Fannie Mae a chance to refinance and make lower monthly payments. It also promises $75 billion to keep approximately 3-4 million homeowners from foreclosing on their homes!

PLEASE visit the website and find out how to contact your mortgage servicer, as well as much more information about this Plan! You can find out if you are eligible for refinancing, read FAQ from borrowers in the same type of circumstances as yourself, find homeowner events taking place in yuor neighborhood, and many other tools to help you assess your current situation and see what can be done to help you!

Also, check out the RESOURCES page to help you understand better the Plan itself, as well as borrower tips, Q & A, and examples of a Mortgage Statement & payment plans...

As always, if you have any questions pertaining to this Plan, or if there is anything I can help you with, feel free to call (843.452.6670) or email (karlaleahy@gmail.com). I'd love to answer anything that leaves any uncertainty!

Share this Post: