What is the Making Home Affordable Plan?

Helpful video to find out if you are eligible for help from President Obama’s mortgage plan. Some key take-aways from the video include:

1) Home Affordability Refinance Option – If your current mortgage is equal to the current value of your home, you may be eligible to refinance.

2) Home Mortgage Modification Program – Refinance if your housing payment (including taxes and insurance) exceeds 31% of current monthly gross income.