The Making Home Affordable Program (MHA)
The Making Home Affordable Program, or MHA, is a relatively recent movement implemented by the Obama administration that aims at helping struggling homeowners avoid foreclosure when they are facing tough financial times. In addition to helping individual homeowners, the MHA Program also aims at a solution for the national struggle against a downward-spiraling economy prompted by the housing market. Knowing more about your options as a homeowner, through the MHA Program, can help you avoid foreclosure and reorganize your finances.
If you or someone you know is considering foreclosure because of a difficult financial situation, it may be time to explore alternatives. Contact the experienced Maryland mortgage modification attorneys of Chaifetz & Coyle, P.C., by calling 443-546-4608 today. We offer the compassionate and knowledgeable legal counsel and representation that our clients need in this time of crisis.
Basics of the MHA Program
The MHA is a federal program and applies to many individual families. Some of the benefits that the federal government claims the program allows include:
- Avoiding foreclosure
- Provide financial assistance when your home is worth less than you owe on it
- Provide mortgage advice when you are looking for a job
- Refinance your mortgage using the lower interest rates of today
- Overall reduction in mortgage payment
These benefits could help many homeowners avoid the burdens that foreclosure often brings, and it is important to discuss your legal options with an experienced mortgage modification attorney before making any quick decision.
Contact Us
If you or someone you know has been thinking that foreclosure is the only option, it is important to know that there are others out there. Contact a Maryland mortgage modification attorney at Chaifetz & Coyle, P.C., at 443-546-4608.