Government launches web site
Makinghomeaffordable.gov can help you keep your house.
In order to make its new foreclosure prevention plan easier to use, The Obama White House has launched makinghomeaffordable.gov. The web site answers questions about eligibility, helps people contact loan servicers and offers many other resources.
Help and advice
The web site offers free help for homeowners, but it also recommends that people go through a loan modification company or counselor.
Personal Money Store can set you up with a loan modification company if you need help modifying your personal loans.
Fannie and Freddie customers
If borrowers got their loans through Fannie Mae or Freddie Mac they could be eligible for the government’s refinance program. Makinghomeaffordable.gov has links to the companies’ web sites that allow borrowers to apply for refinancing right online.
People can shop, pay bills, get payday loans and make long-distance phone calls online. What’s next?
Program 101
The government’s foreclosure prevention plan has two parts. The first part is the loan modification program, which is for mortgage holders who are behind on their payments. ... click here to read the rest of the article titled "Makinghomeaffordable.gov Offers Loan Modification Help"
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