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Making Home Affordable

Making Home Affordable

The Making Home Affordable program details were announced on March 4, 2009 and the Making Home Affordable plan is intended to help 9 million struggling homeowners avoid foreclosure. Homeowners have invested in furniture, home insurance and other assets which would make it hard for them to give up their homes. The truth of the plan is that it leaves out tens of thousands of borrowers right here in Arizona because they won’t qualify for the Making Home Affordable program – their homes have lost too much value.

While the government is planning to spend up to $75 billion on the Making Home Affordable program, the refinancing plan is limited to borrowers who owe up to 5 percent more than their home’s current value. Loan modifications are unlikely for severely “underwater” borrowers.

More information about the Making Home Affordable program can be found here:

Borrower Information: Making Home Affordable Refinance and Modification Options

Fact Sheet Icon: PDF Document

Summary of Guidelines Icon: PDF Document

Modification Program Guidelines Icon: PDF Document

Counselor Q&A Icon: PDF Document

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Latest News

  • How Does a VA Streamline Work?
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When inquiring about a mortgage on this site, this is not a mortgage application. Upon the completion of your inquiry, we will work hard to match you with a lender who may assist you with a mortgage application and provide mortgage product eligibility requirements for your individual situation.

Any mortgage product that a lender may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the mortgage credit product.

When applying for a mortgage credit product, lenders will commonly require you to provide a valid social security number and submit to a credit check . Consumers who do not have the minimum acceptable credit required by the lender are unlikely to be approved for mortgage refinancing.

Minimum credit ratings may vary according to lender and mortgage product. In the event that you do not qualify for a credit rating based on the required minimum credit rating, a lender may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee.

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