Making Home Affordable program
Is this the new symbol of economic recovery? Let’s keep our fingers crossed. This is the new logo for Barack Obama’s “Making Home Affordable” program, which was introduced on March 4 to “stimulate” the housing market and reduce interest rates/loan amounts for homeowners struggling to meet their monthly mortgage obligations. The official “Making Home Affordable” Web site [...]
Is this the new symbol of economic recovery? Let’s keep our fingers crossed.
This is the new logo for Barack Obama’s “Making Home Affordable” program, which was introduced on March 4 to “stimulate” the housing market and reduce interest rates/loan amounts for homeowners struggling to meet their monthly mortgage obligations.
The official “Making Home Affordable” Web site can be found right here.
Here are the three basic goals of the program:
- Refinancing for up to 4 to 5 million responsible homeowners to make their mortgages more affordable
- A $75 billion homeowner stability initiative to reach up to 3 to 4 million at-risk homeowners
- Supporting low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac
For eligibility requirements click here.
