Obama’s home loan modification program called, Making Home Affordable, is having a free event in San Francisco and Oakland California. These community events are a way for people with trouble home mortgages to meet directly with participating banks and HUD approved housing counselors to see if there is a way to reduce their monthly mortgage payments, interests rates, and how much the loan is for.
If you are in the area and plan to attend make sure to bring the important documents and paperwork to help find out if you can qualify for the Making Home Affordable program. You will need to have your monthly mortgage statement, information about any other mortgages that you have on your home, your two most recent pay stubs, or a quarterly profit and loss statement if you are self-employed. You will need two of your most recent bank statements. Account balances and the monthly payments you make to your credit cards bills and other debts each month. You will also need a list of other monthly expenses such as medical bills, utilities, insurances, etc.
On June 2, 2010, the government loan modification event will be held in San Francisco at the Hilton San Francisco Union Square from 1 p.m. – 7:30 p.m. There is a $25 parking fee at this location and are encouraged to use the BART or MUNI bus lines that stop at the hotel for less expensive parking. The Hilton is located at 333 O’Farrell Street, San Francisco, CA 94102.
On June 3rd and June 4th, there will be the government run loan modification event being held at the Oakland Marriott City Center located at 1001 Broadway in Oakland, California 94607. The event will be open from 1 p.m. – 7:30 p.m., on this Thursday and Friday. There is a $7 parking fee to park in the Marriott garage, but event organizers said to bring your ticket to the event registration to get it validated.
The Obama Administration’s Making Home Affordable Program has helped many struggling homeowners lower their monthly mortgage payments and their interest rates by refinancing these troubled loans into something more manageable. The first phase if you meet their requirements to participate in the program, is a trial mortgage loan modification. If successful, your home loan modification can become permanent.
These events are extremely helpful to learn more about the program and assist homeowners to help them avoid foreclosure. To learn more about the program please visit makinghomeaffordable.gov.
More information about these events: http://makinghomeaffordable.gov/docs/100313%20-%20mha%20san%20francisco-oakland%20bilingual%20flyer.pdf
By: Victoria Brown