Obama 's Mortgage Program

How do you find out About the Making Obama 's Home Affordable Refinance and Mortgage Modification Options?

President Obama 's

plan was created to help millions of homeowners refinance or modify their mortgages. With Obama 's plan there are basically two options:

Obama option 1: Refinancing: Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home. A Home Affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac refinance into a more affordable mortgage.

http://www.financialstability.gov/makinghomeaffordable/refinance_eligibility.html

Obama option 2: Mortgage Modification: Many homeowners are struggling to make their monthly mortgage payments either because their interest rate has increased or they have less income. A Home Affordable Mortgage Modification will provide them with mortgage payments they can afford.

http://www.financialstability.gov/makinghomeaffordable/modification_eligibility.html

With Obama 's Mortgage Program, Who is Eligible?

The Obama government provides self-assessment tools on the HUD website. Use the tool to see if you are among the 7 to 9 million homeowners who can benefit from Making Home Affordable. Based on your results, we will provide suggestions about what you can do next. Find out if you are eligible using the self-assessment tools at::

http://www.financialstability.gov/makinghomeaffordable/refinance_eligibility.html

If you would like more information or have further questions, you can download a Borrower Q&A in the form of a PDF file here.

Please also beware of foreclosure rescue and Mortgage Modification scams – the HUD help from the federal government is free! Keep in mind the following points:

• There is never a fee to get assistance or information about Making Home Affordable from your lender or a HUD-approved housing counselor. Get information on HUD-approved housing counselors at this article: Free Foreclosure Avoidance Counseling
• Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or modification of a delinquent loan. Do not pay – walk away!
• Beware of anyone who says they can “save” your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
• Never make your mortgage payments to anyone other than your mortgage company without their approval.

Obama 's mortgage program by Government Money Club