Skyrocketing foreclosure rates and plummeting home prices have brought the country to the brink. If you're about to fall behind on your mortgage—or even lose your home—Suze says there's a way to keep a roof over your head.
The Homeowner Affordability and Stability Plan hopes to help as many as 9 million American families afford their homes. It's comprised of two parts—the Home Affordable Modification program and the Home Affordable Refinance program.
The loan modification program is designed to help families dangerously close to foreclosure. The government estimates it could help 3 to 4 million homeowners keep their homes and
reduce their monthly mortgage payments.
Suze says there are two things you have to do to see if you qualify:
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- Go to MakingHomeAffordable.gov. The government site will ask you a series of questions and assess your eligibility.
- If the site says you are eligible, contact your bank to see if they will give you a modification.
Published on April 02, 2009
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