Home Affordable Refinance
Making Home Affordable is part of President Obama’s comprehensive strategy to get the housing market back on track. Through the Making Home Affordable Program, up to 9 million American families may be eligible to refinance or modify their loans to a payment that is affordable now and into the future.
The refinanced loans will have no prepayment penalties or balloon payments. If your existing loan has private mortgage insurance, you will need the same amount of insurance coverage for the refinanced loan. If your existing loan does not have private mortgage insurance, it will not be required as part of the Home Affordable Refinance.
Click Here to see if you are eligible to get a mortgage loan under the program guidelines.
For complete program details, you can either view the PDF file in you browser by double-left clicking the following link, or to save it to your computer you can right-click and the choose “Save Target As” or “Save Link As” on the link Borrower Frequently Asked Questions.
