New Website Tells if You Qualify for Mortgage Relief
Posted April 28th, 2009 by Carrie Davis
Do you know if you're eligible for help under the U.S. Treasury's new "Making Home Affordable" plan? 7 to 9 million homeowners in the U.S. will qualify for a loan modification or refinance under this initiative - are you one of them?
The Home Preservation Foundation, myFico, and Money Management International have just launched a new website - MortgageReliefOnline (MRO) - that lets you know instantly if you might qualify for a loan modification or refinance under new government assistance programs. Instead of waiting for a response from your mortgage servicer, check the free and confidential MRO website first. A brief online quiz will instantly tell you your eligibility.
If you are eligible, you can enter your contact information to receive a phonecall within 48 hours. A credit counselor from Money Management International will contact you to explain next steps.
MortgageReliefOnline.com is an efficient, trustworthy way to get a sense of your eligibility, but states that only your loan servicer can tell you for certain whether you qualify for government assistance. Your lender is likely to take you more seriously, though, if it sees that you've gone through the MRO website, and that a counselor has helped you to prepare the paperwork needed to complete a refinance or modification.
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Comments
Need to fine out if we are
Submitted on May 3rd, 2009 by Veronica M Wood (not verified)Need to fine out if we are eligible for a refinance.
If you're having difficulty
Submitted on May 5th, 2009 by Carrie DavisIf you're having difficulty paying your mortgage each month, you may be eligible for a refi. Start by checking out the MRO website. Ultimately though, you'll need to speak to your mortgage service provider to get a definitive answer.
We submitted a request to you
Submitted on July 10th, 2009 by Steve Ojeda (not verified)We submitted a request to you on 7 July 2009, and have not been contacted, I know you are probable overwhelmed, but we want to make sure you received our information, we appreciate your time and effort in this matter. Thank you Steve & Brenda Ojeda
Steve and Brenda - Just to be
Submitted on July 10th, 2009 by Carrie DavisSteve and Brenda - Just to be clear, SpendOnLife.com is not offering mortgage relief. You should send your request for mortgage help through the Mortgage Relief Online website mentioned above.
Thanks for sharing this
Submitted on August 21st, 2009 by Gill (not verified)Thanks for sharing this information with all of us, I know I need it and a lot of people need it too. I am also considering Austin mortgage as a possible relief option, I'll just have to make a decision fast.
This is a good start, but the
Submitted on August 22nd, 2009 by Advocate (not verified)This is a good start, but the government should step up even more to contribute to the foreclosure crisis facing this nation. The fact that I didn't hear about this program on TV first is a sign that it is not being promoted enough. Thanks for the information though, someone has to spread the word!
You're right - this
Submitted on August 24th, 2009 by Carrie DavisYou're right - this government plan didn't get quite the same media coverage as Cash for Clunkers, for instance. But hopefully anyone struggling with their mortgage payments will find helpful information on the web, or their mortgage lender will advise them about these programs.
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