The Making Home Affordable Program was Launched today by the US Obama Administration and is, as far as I'm concerned a great idea. And, true to form, they've done a great job with the website.
With all of the turmoil, this program offers help to those affected and may enable them to seek relief.
According to the website, "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 name of the site is makinghomeaffordable.gov and if you want to check it out, go for it.
Considering all the money being spent to reboot the ailing economy, Refinancing Today may be the best option for millions of people. In light of the Mortgage Rates trending lower, getting a New Mortgage might be a worthwhile option for people wanting to buy their first home.
Again, you may want to check out the different Mortgage Calculators that are excellent to see where you stand financially.
At the end of the day, any up-tick in spending can only help kick-start the economy. So go and check out The Making Home Affordable Program and see if you qualify.
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