Government can help you keep your house
Don't let this happen to you.
The White House’s web site, makinghomeaffordable.gov, is still helping homeowners who are having a tough time making their mortgage payments.
The government’s foreclosure prevention plan helps lower monthly payments for home owners by cutting interest rates or lengthening loan terms. The web site, Making Home Affordable, 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. ... click here to read the rest of the article titled "MakingHomeAffordable.gov Helps Struggling Mortgage Holders"
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