About Making Home Affordable
The Making Home Affordable Program is the Obama Administration's comprehensive plan to stabilize the U.S. housing market by helping homeowners get mortgage relief and avoid foreclosure. To meet the various needs of homeowners across the country, Making Home Affordable programs offer a range of solutions that may be able to help homeowners take action before it's too late.
- Refinance and take advantage of today's low mortgage interest rates.
- Reduce your monthly mortgage payments.
- Get mortgage relief while searching for re-employment.
- Get help when you owe more than your home is worth.
- Avoid foreclosure when homeownership is no longer affordable or desirable.
Newly Redesigned Spanish Website
The newly redesigned and optimized Spanish-language site includes new resources for struggling homeowners with interactive tools including:- Program information that is organized based on a homeowner’s individual situation to provide a “path” to their next steps, including possible solutions for their particular mortgage concerns.
- Interactive features such as help on “finding the right program” and tools such as a “payment reduction estimator” – both of which will be available on the site to Spanish-speaking homeowners for the first time.
- Clear and prominent information about how to contact a HUD-approved housing counselor for FREE help – as well as information about how to avoid scams.
- Step-by-step information on applying for help through the Making Home Affordable Program including what to expect when working with a mortgage servicer or a housing expert, what a homeowner needs to apply for help, and how to request a modification and other types of mortgage assistance.
- More free resources for homeowners and trusted advisors to get assistance and gain knowledge about various programs available to help with mortgage concerns.