Mortgage Video & Blogging Community

The Making home affordable program announced on March 4th 2009 has two features, the Making Home Affordable Refinance and the Home Affordable Modification.

The Making Home Affordable Refinance is geared towards helping individuals who have currently been making their mortgage payments but are unable to refinance because of existing MI coverage requirements and the decline in home values. The Making Home Affordable Refinance is for Fannie Mae to Fannie Mae refinances only,so if your current loan is not with Fannie Mae then you would not be eligible for the program. The program also allows you to borrower up to 105% of the value of your home.

The Making Home Affordable Modification program is for borrowers who are in default, at risk of imminent default, or in foreclosure can have their loans modified to a more affordable monthly payment equal to a target 31 percent of their monthly gross income.

If you or anyone you know has missed out on being able to refinance their home because of existing MI coverage requirements and the decline in home values, and would like to look into refinancing with the Making Home Affordable Program give me a call and I can answer any questions.

Michelle Guth
Diversified Mortgage Group
Branch Manager/Owner
Direct: 208-475-0865
Loanswithmichelle@gmail.com
ID MBL-5696 / NMLS # 36853 / 36852 / 1850
www.idahohomegroup.com

Top 10 Boise Idaho Mortgage Links/Articles/Questions

1. FHA Streamline Refinance Boise, Idaho
2. Idaho FHA Reverse Mortgage
3. What is a HECM Loan?
4. Common Idaho FHA HECM Reverse Mortgage Frequently asked Questions
5. How does the Idaho FHA HECM Reverse Mortgage Work?
6. Jumbo Mortgage Financing for Boise, Idaho Properties
7. Conventional Home Loans For Boise Idaho Borrowers
8. VA Mortgage Loans in Boise Idaho
9. Boise Idaho Reverse Mortgage Senior Loans
10. FHA Mortgage Loans In Boise Idaho