The Making Home Affordable Program (MHA) is a critical part of the Administration’s broad strategy to help homeowners avoid foreclosure, stabilize the country’s housing market, and improve the nation’s economy.
Being a single mother, there is a higher chance to need help with making home affordable. Your expenses might have increased due to medical bills, or you might still be picking up the pieces after a separation or divorce. Maybe you are trying to get by with less because your hours were cut or your business stumbled.
Regardless of situation as a single mom, it is important to be proactive and check out the Making Home Affordable / Foreclosure Avoidance program. You might get help and at least you will get a knowledgeable advice.
Different options are made available to you depending on your situation:
• find out how you can lower your monthly mortgage payments
• If home ownership is no longer an option, there is a program that can provide a way out, avoiding foreclosure
• options available for unemployed homeowners
• options for homeowners who owe more than their homes are worth
There are a variety of programs that may help homeowners having difficulty making mortgage payments. Options are lowering monthly payments, lowering interest rates.
Help with determining which program is right for you is available here.