The Treasury Department has introduced a program called Making Home Affordable, which is intended to stabilize the housing market and help up to 7 to 9 million Americans reduce their monthly mortgage payments to more affordable levels.
There are two parts to the new program, the Home Affordable Refinance Program (HARP) and the Home Affordable Modification Program (HAMP). The Home Affordable Modification Program gives homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments. Qualifications for eligibility for HARP, which expires on June 10, 2010, can be found on the program's website. A refinance under HARP must have a mortgage note date on or before that date.
The Home Affordable Modification Program commits $75 billion to preventing avoidable foreclosures. Only loans owned or guaranteed by Fannie Mae or Freddie Mac are eligible. Qualifications for HAMP, which expires on December 31, 2012, can be found on the program's website.
More information is available at the Making Home Affordable website, which provides homeowners with self-assessment tools and calculators to help determine whether they might be eligible for a modification or a refinance under the program.
Saturday, August 29, 2009
Making Home Affordable - Refinance and Modification
Posted by RWyatt at 4:53 AM
Labels: American Recovery and Reinvestment Act of 2009 [H.R. 1], Refinancing Available, Treasury Program Aimed at Struggling Homeowners
Subscribe to: Post Comments (Atom)
I love this bucket list and you know you're right. sand blasting machine manufacturer. We all have the same amount of hours in a day so put them to good use. We all have to start somewhere and your plan is perfect. I understand the way of the attractive to the customer with the products sand blasting machine.
Sand blasting machines like shot blasting machine, sand blasting machine, and grit blasting machines, Wood Working Machinery Dust Extraction unit, Abrasive Blasting Media and various others. Keep it works and share with us your latest information. My time will come but I know I'm on the right path.
They are similar to small communities that you own - check them out if you haven't already. It's all got a lot better than before!t. Value that list of thousands but I'll get there.
Thanks for sharing. Have a nice week ahead.
Visit at : www.gritblast.co.in
portable shot blasting machine
portable sand blasting machine
sand blasting cabinet
grit blasting cabinet
shot blasting cabinet