Help Responsible Homeowners and Heal the Housing Market
In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing market recovery. While the government cannot fix the housing market on its own, the President believes that responsible homeowners should not have to sit and wait for the market to hit bottom to get relief when there are measures at hand that can make a meaningful difference, including allowing these homeowners to save thousands of dollars by refinancing at today's low interest rates. That's why the President is putting forward a plan that uses the broad range of tools to help homeowners, supporting middle-class families and the economy. For more information please visit www.hud.gov.
HELP for America's Homeowners
The "Making Home Affordable.Gov" Web site provides homeowners detailed information about an initiative introduced by the Obama administration to stabilize the housing market by helping seven to nine million Americans reduce their monthly mortgage payments to more affordable levels. For more information visit www.MakingHomeAffordable.gov.
HUD-approved Housing Counselor Near You
The U.S. Department of Housing and Urban Development (HUD) has approved funds for free or very low cost housing counseling nationwide to assist families in avoiding foreclosure. Housing counselors can help you understand the law and your options organize your finances and represent you in negotiations with your lender. If you need this assistance find a HUD-approved housing counselor near you or call 800-569-4287 or TTY 800-877-8339. Prince William County offers services through the Virginia Cooperative Extension located at 8033 Ashton Ave. Suite 105 Manassas VA 20109-8202. For information call 703-792-6289 or visit the VCE Financial Education Web Page.
HOPE for Homeowners
Need help with your mortgage? If so..... HOPE CAN HELP! Congress created a program to help those families at risk of default and foreclosure mortgages. The HOPE for Homeowners (H4H) program is effective from Oct. 1 2008 to Sept. 30 2011. H4H is an additional mortgage option designed to keep borrowers in their homes. If you are a homeowner and you are trying to refinance your loan into a new 30-year fixed rate loan with lower payments HOPE for Homeowners may be able to help you. Learn more about HOPE for Homeowners.