If you are a homeowner struggling to pay your mortgage, check if you are eligible for lower payments under President Obama’s mortgage modification plan using a calculator from MainStreet.com.
To be eligible, all of the following must be true:
- Is the property owner-occupied?
- Is the unpaid mortgage balance less than $729,000?
- Did the mortgage originate on 1/1/09 or earlier?
- Are you having trouble paying the mortgage?
If you answered yes to the above four questions, continue using their calculator. If you qualify, the calculator also tells you what your new payment would likely be under Obama’s plan.
Welcome to Bargain Babe! I’m Mara, and I’m so glad you’re here. I am an obsessive bargain hunter and penny pincher, and I am determined to live a full life without EVER paying full price.
Hi BB- LOVe your site!
It seems to me, hardworking responsible people are being left out of any sort of qualifying for mortgage assistant. I’m a hard working gal, pay all my bills on time but the mortgage would be more palitable at a lower interest rate! It seems to me this plan condons bad behavior and those of us who do all we can to manage are just left out in the cold.
How do you feel about these programs?
Again, LOVE the site. You’re doing a great job!
Thanks, Tammy! I’m glad you found my tips useful. Hope you will add me to your blogroll! I’m split on these programs. I think they are helping a lot of good people who need it, but that many deserving folks are probably slipping through the cracks. I am hopeful that they will do more help than harm.
I’m with you BB. I do find lots of people are deserving of help but I also hope that one day the govt will reward good behavior instead of bad!
I’d love to add you to my blogroll but I am at wordpress.com. Do you know how I can add you?
Nice site! Thanks for the great post
Nice site! Thanks for the great post