Did You Know the Making Home Affordable (MHA) Program Has Been Extended?
I was talking with some people who told me they had a high interest rate and are facing some financial challenges. I suggested they call their lender, explain their situation and ask about programs which might help reduce their interest rate. The lender pretty quickly agreed to reduce the interest rate by more than 2.5%. Unfortunately, the lender is so backed up that they said it would take 3 months to process the change!
Given the collapse of our housing market 4+ years ago, and the impact on our entire economy, it's very frustrating to hear that this is the best a lender can do.
Did you know the Making Home Affordable Program has been extended?
The Making Home Affordable Program is a part of the Obama Administration's plan to stabilize the U.S. market by helping homeowners get mortgage relief and avoid foreclosure. It is an official program of the Departments of the Treasury & Housing and Urban Development (HUD).
The application deadline for the program has been extended to December 31, 2013. The eligibility criteria for MHA has also been extended to offer assistance to more homeowners.
There are also changes which may benefit Military homeowners.
The Making Home Affordable Program has a range of solutions that may help a homeowner take action before it's too late. These include:
- Refinancing and taking advantage of today's low interest rates
- Reducing your monthly mortgage payments
- Geting mortgage relief while searching for re-employment
- Getting help when you owe more than your home is worth
- Avoiding foreclosure when homeownership is not longer affordable
Take a look at the Making Home Affordable Program "Getting Started" section on their website or call them att 888-995-4673 or Hearing impaired: 877-304-9709 TTY.
If you have decided to sell your home in Sharon MA, call me at 781-883-3764 for a market analysis of your home. I'll help you understand the value of your home in today's market. With my marketing plan and proper pricing, I'll get your home sold in Sharon MA!