February 19, 2009
Housing Stability Plan & The White House Blog
Regarding the Housing Stability Plan, this inquiring mind wants to know:
Must I be behind on my mortgage payments to be eligible for a modification?
Apparently NO – Borrowers who are having problems remaining current on their mortgage payments may be eligible if their income is insufficient to continue to make their mortgage payments & they’re at risk of impending default, due to a variety of factors, such as a reduced or loss of income, increase in expenses, or an interest rate that will be adjusted to a level the homeowner can’t afford.
Check my source for more details & FAQs: The White House Blog
Posted By: 
Marcy Hammett
Tagged With:
housing stability,
mortgage payments
and white house blog
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