FeedbackPresident Obama’s Loan Modification Plan
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Are you wondering if you qualify for President Obama’s Making Home Affordable Loan Modification & Refinance Program? We’ll get you the answers you need in just a few easy steps.
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There are two parts to the plan – loan modification and loan refinancing. What you qualify for depends on your current financial situation and whether or not you can prove (and document) that you are unable to afford your mortgage payment.
Are you in imminent danger of foreclosing and have missed payments? Has your mortgage payment increased significantly or can you prove you’ve suffered a hardship (job loss, medical bills, zero assets) which is preventing you from making your mortgage payment?
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The Making Home Affordable plan is for homeowners who don’t currently qualify for a refinance because they have little or no equity in their home.
The plan is ideally for homeowners who either have less than 5% equity or already owe more than the home is worth. Do you have less than 5% equity (or owe more than your home is worth)?
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You’ve selected that you’re in imminent danger of losing your home. Please choose an option below so we are able to direct you to the most helpful services.
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Please call (800) 672-4134 to speak with In-House Realty today. Or click here to get started now!
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You’ve selected a loan modification for your situation. To find out if you qualify for this program, please contact your mortgage servicer directly. Your mortgage servicer will be able to provide the necessary information regarding your qualification. The contact information for the servicer should be found on your mortgage bill or statement.
Not Sure How Much Equity You Have?
Here’s some easy math to figure it out: Take the amount you owe and divide it by your home’s current value to get a percentage. If this number is 95% or above, you would not qualify for a conventional refinance, but could qualify under the new plan.
You have more than 5% equity.
You have less than 5% equity.
