Making Home Affordable Program
Help for America’s Homeowners
The President’s Plan was created to help millions of homeowners refinance or modify their mortgages to a payment that is affordable, both now and in the future.
Home Affordable Refinance: Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates, perhaps due to a decrease in the value of their home. The Home Affordable Refinance will help borrowers whose loans are held by Fannie Mae refinance into a more affordable mortgage.
To check to see it your home is owned by Fannie Mae: Click here
Home Affordable Modification: Many homeowners are struggling to make their monthly mortgage payments either because their interest rate has increased or they have less income. The Home Affordable Modification will provide them with mortgage payments they can afford.
For more information, go to the U.S. Department of Treasury web site, Click here