One of the integral components of the Obama’s administration to stabilize the country’s housing market & improve the national economy is the “Making Home Affordable” program.  This is a multifaceted program designed to help homeowners who might be need help avoiding foreclosure by getting mortgage relief.
Some of the benefits include:
  • Refinance and take advantage of today’s low mortgage interest rates.
  • Reduce your monthly mortgage payments.
  • Get mortgage relief while searching for re-employment.
  • Get help when you owe more than your home is worth.
  • Avoid foreclosure when home ownership is no longer affordable or desirable.

The Options

Lower Monthly Payments ›Lower your mortgage payments with an MHA ® loan modification.

Lower Interest Rates ›Take advantage of today’s historically low mortgage interest rates through MHA ® refinance programs that help you get into more affordable and more stable fixed-rate mortgages.

If You Are Unemployed ›Get the financial relief you need, even if you are unemployed.

If You Have a Second Mortgage ›Learn about an MHA ® program designed for those with a home equity loan, HELOC, or other second lien that makes it difficult to keep up with mortgage payments.

If Your Home’s Value Has Fallen ›Find out what to do if the value of your home has fallen below what you owe on it, through an MHA ® program that specifically address this issue.

Leave Your Home & Avoid Foreclosure ›If homeownership is no longer affordable or desirable, you may be able to transition out of your home and avoid foreclosure through an MHA ® program that also provides $3,000 in relocation assistance.

Military Resources ›Under recently announced changes to HAMP, military homeowners and other families who are permanently displaced by a job-related move may still qualify as owner-occupants, which means you may still be eligible for a mortgage modification.

For more information, please check the Making Home Affordable website here or contact me!

If you’d like more information on the San Fernando Valley or Los Angeles, or to have help looking for your next home, please feel free to reach out! I’m happy to help, no obligation.

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