What is the Making Home Affordable Program?

 
The Obama Administration instituted the Making Home Affordable program to help 7 to 9 million at risk homeowners reduce their monthly mortgage payments to as low as 2 percent, either through a loan modification – Home Affordable Modification – or a refinance – Home Affordable Refinance Program (HARP).
 
This program requires that you take an eligibility test at the www.MakingHomeAffordable.gov website.  This test will let you know if you are eligible for a modification through a government-sponsored HASP.  For a list of mortgage lenders and services that participate in this program, please visit www.HopeNow.com. http://www.hopenow.com/mortgage-directory.php