Making Home Affordable Program

Do Not Lose Your Home To Foreclosure




Home Affordable Refinance Program

Home Affordable Modifications Program



Homeowner current on mortgage Qualification
Eligibility Loan status – Current or behind
Long term affordability and stability Second mortgage
Loan securitized or owned by Fannie Mae or Freddie Mac Servicer participation
Fannie Mae Qualification for loan modification  
Freddie Mac Five years after modification
Mortgage more than what house is worth Property taxes and homeowners insurance
Have a first and a second mortgage   Interest rate
Lower payments   Affordable payment
Interest rates and other terms Balloon payment
Loan principal amount Failure to make trial payments
Cash loan Modification costs
Applying for a Home Affordable Refinance Housing counseling
Documents needed Government financial incentive for timely payments
Delinquent mortgage Primary residence requirement
Mortgage insurance Duplex or multi-unit mortgage
Home Affordable Refinance Expiration Mortgage more than what house is worth

FHA Loan

Applying for a Home Affordable Modification

Information and documents required  

Home Affordable Modification Program Expiration

Imminent Foreclosure
Loan servicer – Lender - Investor
Lender/Investor authorization for a loan modification
Making Home Affordable participation





Foreclosure rescue scams – beware, beware


Keep the following helpful tips in mind:

1.       There should never be a fee for assistance with or information about any aspects of the Making Home Affordable Program. It is a US government program and the government is not charging any fees for this program.

2.       Beware of any person or organization that asks you to pay an upfront fee in exchange for a counseling service or modification of a delinquent loan. Do not pay – walk away!

3.       Beware of anyone who says they can “save” your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.

4.       Never make your mortgage payments to anyone other than your mortgage company without their approval.




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