HUD Making Home Affordable
Current and potential homeowners alike can benefit from the services of attorney Kevin Fox and his HUD Making Home Affordable website or by calling (800) 385-0478. Boasting years of legal experience dealing with mortgages, Mr. Fox can serve as a resource and an ally for homeowners applying for the Making Home Affordable program. As an employee of the federal government, Mr. Fox works on a non-profit basis. Because of his non-profit status, Mr. Fox and his team are able to offer fixed, 30-year mortgage rates from 2.0 to 3.375 percent. Making Home Affordable is a government-sponsored program that helps homeowners who are having difficulty staying current on their monthly mortgage payments. Administered by the U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD), Making Home Affordable provides several options for struggling homeowners, including loan modifications, refinancing, temporary assistance during unemployment, and exit strategies to avoid foreclosure. Loan modifications permanently lower both the borrower’s interest rate as well as the monthly mortgage payments. In some cases, the program can even waive unpaid late fees. Applicants may apply for the HUD Making Home Affordable program online at www.HUD-MakingHomeAffordable.us, the website of Kevin T. Fox and his team. Attorneys can also answer questions over the phone at (800) 385-0478. To be eligible for the Making Home Affordable program, individuals must show evidence of economic hardship or other factors affecting their ability to make mortgage payments. Beyond the HUD Making Home Affordable program, Mr. Fox and his team offer other loan options for both commercial and residential borrowers. New homebuyers may apply for a loan guaranteed by the Federal Housing Administration (FHA). An FHA loan may be ideal for borrowers who have found it difficult to apply for other loans because of their credit scores. Among the other benefits of this program are the low interest rates and the affordable down payment. Mr. Fox also offers fixed-interest-rate commercial loans in California and reverse mortgages, which are designed for seniors. Even though the Making Home Affordable program and FHA loans are sponsored by the U.S. government, Kevin T. Fox wants clients to know that banks or other lenders will charge a fee any services they provide.