Making Home Affordable Plan

If you re eligible for the home affordable modification program sm hamp your mortgage company will usually put you on a three month trial plan to let you demonstrate your ability to make timely payments at the new monthly payment level if you successfully make all required payments during your trial period your mortgage company will execute an official modification agreement.

Making home affordable plan. Principal reduction alternative pra assists homeowners with a loan to value ratio exceeding 115 percent. 877 304 9709 tty let an expert from a hud approved housing counseling agency help you understand your options prepare your application and work with your mortgage company. 877 304 9709 tty let an expert from a hud approved housing counseling agency help you understand your options prepare your application and work with your mortgage company. Home affordable unemployment program up.

For immediate assistance call 888 995 hope 4673 hearing impaired. Making home affordable or the mha plan is put in place by us treasury to stabilize the housing market by encouraging lower mortgage rates and making it easier for millions to refinance and avoid foreclosure. Other programs under mha include. Over the last seven years the making home affordable mha program has helped over 1 8 million families obtain mortgage relief and avoid foreclosure.

This program was designed to aid approximately seven to nine million eligible homeowners by lowering their monthly mortgage payments to a more manageable level. For immediate assistance call 888 995 hope 4673 hearing impaired. In early 2009 treasury launched the making home affordable program mha to help struggling homeowners avoid foreclosure. Mha is only one part of the obama administration s broader efforts to strengthen the housing market.

Hamp was designed to help families who are struggling to remain in their homes and show. 877 304 9709 tty let an expert from a hud approved housing counseling agency help you understand your options prepare your application and work with your mortgage company. For immediate assistance call 888 995 hope 4673 hearing impaired. Lenders are increasingly moving towards foreclosure and home prices are being driven lower.

Hamp s goal is to offer homeowners who are at risk of foreclosure reduced monthly mortgage payments that are affordable and sustainable over the long term.