Making Home Affordable Programs


Making Home Affordable (MHA) is an official program of the Department of the Treasury & Housing and Urban Development. This program for struggling homeowners has now been extended to December 31, 2013. To learn more about MHA, visit the Making Home afforadable website. 

Two of the programs offered are:

Home affordable Refinance Program (HARP)

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. A Home Affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac refinance into a more affordable mortgage. For more details click here. 

 

Home Affordable Modification

Many homeowners are struggling to make their monthly mortgage payments perhaps because their interest rate has increased or they have less income. A Home Affordable Modification will provide them with mortgage payments they can afford. For more details click here. 

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