McCarthy
& Molloy
Attorneys At Law
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Loan Modification |
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The Making Home Affordable (MHA) Program is a critical part of the Obama
Administration's broad strategy to help homeowners avoid foreclosure, stabilize the
country's housing market and improve the nation's economy.
Homeowners can lower their monthly mortgage payments and get into more stable loans at today's low rates.
And for those homeowners for whom homeownership is no longer affordable or desirable, the program can
provide a way out which avoids foreclosure. Additionally, in an effort to be responsive to the needs of
homeowners, there are also options for the unemployed homeowners and homeowners who owe more than their
homes are worth.
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Lower Your Payments
Throught MHA modifications, homeowners have been able to lower their mortgage payments more the $500.00
each month, a significant savings for families.
Get Help If Unempoloyed
MHA and related programs were also designed to provide relief to those who are unemployed; those who
owe more than their homes are worth; and those with home equity loans, HELOCs or other second liens
that are causing a strain on homeownership affordability.
Get help with fallen home value
In today's housing market, many homeowners have experienced a decrease in their home's value.
Learn about these MHA programs to address this concern for homeowners.
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Lower Your Rates
If you are interested in taking advantage of today's historically-low mortgage interest rates, MHA
offers refinance programs to help families get into more affordable and more stable fixed-rate mortgages.
Get Help With A Second Mortgage
If you have a home equity loan, HELOC or some other second lien that is making it difficult for you to
keep up with your mortgage payments, learn more about these MHA programs.
Exit Gracefully
If homeownership is no longer affordable or the weight of homeownership has become too much to bear,
MHA has a program that allows you to exit gracefully from the property with $3000.00 in relocation assistance.
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80 Sandra Lane
North Andover, MA 01845
Tel: 978-975-4190
Fax: 866-843-6431 | |
77 Pond Street
Sharon, MA 02067
Tel: 781-784-7777
Fax: 781-784-1856 |
| Attorney: |
Paul
D. McCarthy
John
G. Molloy
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Counsel: |
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Email:
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