WASHINGTON--The Obama White House launched a new web site makinghomeaffordable.gov to give homeowners a one-stop shop to start to research options to reduce mortgage payments and prevent foreclosures.
The new website offers free assistance to home owners who may be in trouble--or just want to take advantage of new programs to refinance at lower rates. There's also help in finding counselors to help navigate through the often complicated process.
The most important thing--don't wait if you are in trouble and are about to or are skipping payments. Another resource: HOPE Hotline (888-995-HOPE)
Over at WhiteHouse.gov Stephanie Valencia, the associate director of the Office of Public Liaison, blogged about the new site.
"At midnight last night the Treasury Department took a great step to ensure that everybody who can take advantage of the President housing plan can do so, helping to put the brakes on the foreclosure crisis, launching MakingHomeAffordable.gov - a site where you can find out everything you need to know about the President's plan and whether you qualify. As somebody involved in conversations about this effort over the past weeks, I was excited to be able to talk about it here on the White House blog -- be sure to check out the calculator that allows homeowners to estimate the reduction to their monthly mortgage payment that they might get under the plan."