Don't Miss Out on Refinancing!
Posted by Lee Cameron on Thursday, January 7th, 2010 at 2:35pm.
The Obama administration has been working to develop a comprehensive plan to stabilize our economy and help fix the problems at the heart of our slump. One of the most important programs is the Making Homes Affordable program, which is meant to help 7 to 9 million Americans have an easier time affording their homes.
One aspect of the program allows 4 to 5 million homeowners with loans owned or guaranteed by Freddie Mac or Fannie Mae the opportunity to refinance those loans into something more affordable. The other part of the program commits $75 billion to help 3 to 4 million people avoid preventable foreclosures.
Have you tried to look into it? No? Well you're not alone. According some some estimates, less than 90,000 people have actually applied for this program. You may very well qualify for refinancing and not even know it.
I urge you to go to www.MakingHomeAffordable.gov and see what your options are.
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I am so glad you posted this article; it will help a lot of potential home buyers to have the knowledge they will need to know to afford a home.
Posted on Friday, January 8th, 2010 at 6:20pm.