Mortgage Stimulus and Mortgage Loan Modification

by Deb from Muskegon, MI USA

Regarding Mortgage Stimulus and Mortgage Loan Modification: I have looked all over the internet to find out how this new mortgage stimulus will help me. I am a 49 year old, unemployed woman and need assistance desperately.

I am on my last month of initial unemployment and I assume that I will qualify for the 33 week extension. In the mean time, my mortgage payment takes half of my monthly unemployment income. The rest of my money goes to the other bills I owe, such as utilities, gas, groceries, etc.

I find myself sitting at home A LOT now and am getting very nervous on how I will benefit on the economic stimulus plan.

Can you give me some information? Thanks, Deb

Kate Answers: Mortgage Stimulus and Mortgage Loan Modification

Hi Deb, Here is a Q and A page explaining how the mortgage stimulus plan is designed to help eligible homeowners refinance. You can follow this link to a government site.

Have you also considered a mortgage modification? You can read about mortgage loan modification on my site to learn about handling it yourself.

I wish you the very best and please feel free to write back again in the future.

So remember to bookmark Get-Your-Best-Mortgage-Rate to your favorites and visit often for up to date tips for buying a house, mortgage news and refinancing advice.

Best Wishes,

Ask Kate how to get the best mortgage rates
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