Fannie Mae and Freddie Mac are now owned by the federal government. They came up with a broad plan to reduce the burden of loans on many homeowners in the U.S. This plan could help as many as 300,000 families who are behind on their mortgage payments. Of course, there are many “qualifiers” for this plan, but perhaps you fit right in. Read this article to find out if you qualify. You may just be able to see the light at the end of the tunnel!
If you are not behind on your mortgage payments, but are close to falling behind, there may be hope for you, too! The article referenced above outlines this plan as well.