Making Home Affordable Program
On March 4, 2009, details were announced about the Obama Administration's Making Home Affordable Program. Through this program, it is estimated that up to 9 million American families may be eligible to refinance or modify their loans to a payment that is affordable now and into the future. Americans may be eligible for one of the two parts of the plan: refinancing or modification.
This program is designed for homeowners who pay their mortgage on time but have not been able to refinance to take advantage of today's lower mortgage rates perhaps due to a decrease in the value of their home.
The modification program is for homeowners struggling to make their monthly mortgage payments due to a financial hardship.
The Making Home Affordable Program is just one option for members. If you are having trouble making mortgage payments or believe you may in the future, please call us. Our Member Assistance Program can give you personalized options based on your individual circumstances. Click here for more information.