Paying Your Mortgage
The government has a program to help you with mortgage costs
Laura Adams, MBA
Quick Tip for Paying Your Mortgage
Quick Tip for Paying Your MortgageIf you’re having trouble paying your mortgage due to a financial hardship, you may qualify for one of the relief options in the government’s Making Home Affordable Program, such as a loan modification.
To apply for the Home Affordable Modification Program (HAMP), you must own and live in your home, have taken out your mortgage before 2009, and have a monthly payment (including property tax, insurance, and home owner dues) that exceeds 31% of your monthly gross (pre-tax) income. Be sure to visit makinghomeaffordable.gov for more program details.
Mortgage image courtesy of Shutterstock
About the Author
Laura Adams received an MBA from the University of Florida. She’s an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura’s previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.