This is from the official Making Home Affordable YouTube channel. It’s one of their most recent videos. What do you think?
Making Home Affordable Resources
If you’re looking for more resources and information about the Making Home Affordable programs, the best place to go is to their website…or their YouTube channel.
Mortgage Modification Evaluator
Use this tool to determine if you may be eligible for the Home Affordable Modification. Simply enter your current monthly gross income. The tool will calculate a mortgage payment guideline amount. If your current mortgage payment is above this amount and you meet the other Home Affordable Modification guidelines, then you may be eligible.
Making Home Affordable FAQs for Borrowers
List of FAQs for (1) refinancing mortgage loans through the Home Affordable Refinance Program (HARP), (2) modifying first and second mortgage loans through the Home Affordable Modification Program (HAMP) and the Second Lien Modification Program (2MP) and (3) offering other alternatives to foreclosure through the Home Affordable Foreclosure Alternatives Program (HAFA).
Is Your Mortgage a Fannie Mae or Freddie Mac Mortgage?
If your mortgage loan is owned by Fannie Mae or Freddie Mac, you may be eligible for a Home Affordable Refinance to take advantage of lower interest rates. Only loans owned or guaranteed by Fannie Mae or Freddie Mac are eligible. Your mortgage company can tell you who owns your loan, or you can contact Fannie Mae and Freddie Mac directly.
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