Foreclosure Prevention Financial Assistance
Learn About the Making Home Affordable Refinance and Modification Options
The President’s plan was created to help millions of
homeowners refinance or modify their mortgages.
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.
Many homeowners are struggling to make their monthly mortgage payments either because their interest rate has increased or the have less income. A Home Affordable Modification will provide them with mortgage payments they can afford.
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Date: July 20, 2009



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