Making Home Affordable

If you are having or think you will have problems in meeting your monthly mortgage obligations ask your lender if you are eligible for Obama's new "Making Home Affordable" plan. Two avenues are available, refinance or loan modification. Your loan must be a Fannie Mae or Freddie Mac loan. You can check by calling your lender or check online at www.fanniemae.com or www.freddiemac.com. You do not need to be behind in your payments to be considered.

Go to www.financialstability.gov/makinghomeaffordable/ for more information on the plan. If you do not qualify you can still ask your lender for alternative solutions. If you would like to speak to a HUD housing counselor go to www.hud.gov to find your local office. You can also go to www.hopenow.com or call them at 888-995-HOPE(4673). All of the counseling above is free of charge.