Making Home Affordable is the government homeowner bailout program designed to help nine million Americans avoid financial trouble because of the troubled housing market. There are two aspects of Making Home Affordable. One is refinancing, the other is called loan modification. The HARP program came to be know as the "Obama Mortgage".
Making Home Affordable – Front page – In early 2009, Treasury launched the Making Home Affordable Program (MHA) to help struggling homeowners avoid foreclosure. mha is only one part of the Obama Administration’s broader efforts to strengthen the housing market. Since its inception, MHA has helped homeowners avoid foreclosure by.
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The federal government’s Home Affordable Refinance program is designed to help homeowners refinance their mortgages even if they owe slightly more than the current value of their homes.
Refinance Your Home With Obama's Refi Program – YouTube – If you owe less than $300,000 on your home, use Obama’s free refi program before it expires in 2016. You’ll be shocked when you see how much you can save.
How To Prepare For Trump’s Middle Class Tax Hike. – Higher interest rates areÂ already a tax on consumers through higher mortgage rates, higher student loan rates and higher consumer loan rates. Is the economy strong enough to withstand a sudden ~30% increase in borrowing costs? Hopefully yes, since the actual rate we pay takes time to adjust higher, e.g. 5 years for a new 5/1 ARM to adjust.
This program is described on the official site for borrowers who want to lower monthly mortgage payments, "making them more affordable and sustainable for the long-term". The Home affordable refinance program (harp) The HARP program is for homeowners who are current on mortgage payments but, "have had difficulty refinancing".
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