Help for Homeowners
By Miryam Ehrlich Williamson
President Obama announced on Wednesday a $75 billion program to help homeowners who have mortgage problems. Help will be available for people who are current with their mortgage payments but pay a high rate of interest and cannot refinance because their house has lost value. It will also be available for people facing foreclosure.
The White House has posted a detailed Q&A that you should read if you have trouble with your mortgage. You’ll find it here.