Q:

Is the Making Home Affordable program only available for those in financial hardship?

A:

Quick Answer

The Making Home Affordable program is for those experiencing financial hardships and are close to having their homes foreclosed.There are a variety of programs offered for various levels of needs.

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Is the Making Home Affordable program only available for those in financial hardship?
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Full Answer

The Making Home Affordable program, which is part of the Home Affordable Modification Program, was created by the Obama administration. The program aims to help homeowners who are at risk of foreclosure.

The program was put into place to deal with the subprime mortgage crisis. The program is equipped to handle an estimated 7 million homeowners.

Those interested in receiving assistance from the program have the choice of applying online or by telephone.

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