Wednesday, June 3, 2009

Making Home Affordable

Ran across this in the latest issue of HudUser's Research Works. In addition to learning that storm windows can make a difference in the energy a home uses and can be a low-cost alternative when new windows are too expensive, I found a website where people can find out if they qualify for loan modification and home refinancing.

People who may be struggling with their mortgage payments can go to Making Home Affordable for a self-assessment to see if they would qualify. The website links to Fannie Mae and Freddie Mac's websites to check to see if your current mortgage is insured by either companies, and if you qualify, it tells you what information you will need to bring to a housing counselor or your loan servicer. In Waukesha County, the housing counselor to contact is hbc Services, Inc.

Update: Corrected to reflect the mortgage is insured not owned.

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