Making Home Affordable Launches At Makinghomesaffordable.gov

The U.S. government today launched its new website makinghomesaffordable.gov helping the U.S. homeowners to find ways of what they can do for making their homes affordable in this financial and mortgage crisis.

The New Obama administration website launches to help you to see if your are eligible for housing plan help at MakingHomesAffordable.gov. The site is meant for consumers seeking information about loan modification and refinancing and in which ways they can making home affordable.

The housing rescue plan is fully covered at Making Home Affordable. It provides a self-assessment tools to see if you are among the seven to nine million homeowners who may be able to benefit from Making Home Affordable.

Ways Of Making Home Affordable According To The Plan

Many homeowners pay their mortgage on time, but according to makinghomesaffordable.gov, are not able to refinance to take advantage of today's lower mortgage rates perhaps due to a decrease in the value of the home. Many homeowners are struggling to make their monthly mortgage payments perhaps because their interest rate has increased or they have less income.

Makinghomesaffordable.gov provides help with eligibility, loan look up, finding a counselor, audio and video information, resources as well as related resources.

Once you have determined if you are eligible for a Home Affordable Refinance or Modification, the next step is to contact your mortgage service provider to discuss your situation.

I believe everyone needs to check out makinghomesaffordable.gov. If you own a home you may qualify for the federal goverment's new program. This may be the way you did not know for making your home affordable.

By the way please note that the site's name is Making Home Affordable, where home is singular. However, the URL of the website is www.makinghomesaffordable.gov where homes is plural. This may have already caused some confusion for the homeowners seeking to get there.

Comments

Submitted by Anonymous (not verified) on
So if you have been a responsible homeowner, and bought what you could afford, not only are you expected to foot the bill, but you can't get your interest rate lowered to the 2%. How is this fair?

Submitted by Anonymous (not verified) on
How about helping those who are hanging by a cheap/fixed income and holding onto to,the repair/upgrade, of the cheap places they have now????? The newly unemployed haven't lost anything compared to the ones who hae lost unemployment benefits already. Then welfare steps in and takes everything else one's worked their lives for. Then once in "the system" just try to find a way out!!!!!

Submitted by Santa Rosa Realtor (not verified) on
I have several clients who put 20% down on their homes at the height of the market (2005, 2006). Their homes are now worth roughly $100K less than their current loans. They are upside down, WANT to stay in their homes but are told by the banks they cannot refinance because they have no equity. These are hard working middle class citizens. What hope do they have for refinancing with Obama's stimulus plans?????????