MakingHomeAffordable.gov – Obama’s Stimulus Plan For Your Mortgage

Recently President Obama announce his administration’s latest offering for struggling homeowners, and I like it.  It’s a site:  www.makinghomeaffordable.gov.  As the government stuff always does, it urges folks to call 888.995.HOPE which, yes, is free, but has also been virtually useless to the homeowners I know who have called it. However, what I like about the site is that it starts to actually help people take advantage of the stimulus plan modification and refi provisions.  As quiet as it’s been kept, those provisions technically only apply to Fannie and Freddie insured loans. Most folks have no clue whether their loan even qualifies because many loans are beyond the government insurance limits.   However, if you visit this site www.makinghomeaffordable.gov, there are:

•          self-assessment tools to help you actually figure out if your mortgage might qualify for a stimulus plan refi or modification,
•          a list of numbers of mortgage servicers, so you can call your lender up to get the process started, and
•          a payment reduction estimator to help you see what your modified payment would be under these programs.

So if you are having mortgage woes, visit the site, kick the tires, and consider all your options.  I am a Certified Distress Property Expert, and if you visit my site: http://www.GainesvilleHomesForSale.com  and click on Stop Foreclosure in the menu link, a number of your options will be discussed.  This may be of help when you are considering what to do with your Gainesville, Florida home and mortgage.