After the feds cut interest rates earlier in 2008, our federal government recently launched a new website designed to help homeowners to determine if they are eligible to qualify in the “Making Home Affordable” and loan modification and refinancing program.

Just go to www.MakingHomeAffordable.gov and follow the simple instructions. You may have heard of the $75 billion program designed to help homeowners make their mortgages more affordable or help them refinance if their home is worth less than their current mortgage.

To determine if you qualify, a homeowner should have the following information available.

1. Info about your 1st mortgage (monthly mortgage statement)

2. Info about a 2nd mortgage or home equity line of credit.

3. Credit Card account information (balances and monthly payments)

4. Monthly payments on all other debts like student loans, car loans, etc.

5. Your most recent income tax return.

6. Savings accounts and other assets.

7. Your monthly gross household income (include recent pay stubs or 1099′s).

8. A hardship letter explaining your circumstances that caused your reduced income (like job loss, illness, etc.)

For more information about what is going on in the Ocala/Marion County area, please feel free to review our Ocala Real Estate Statistics for January 2009.  If you are looking to sell your home or possibly need a Short Sale Specialist to help you through the short sale process, please fill out our Ocala Real Estate contact form, we are more than happy to assist you.

Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276
Info@OcalaVisualTours.com
www.OcalaVisualTours.com
* FREE OCALA MOVING TRUCK! * – Contact for more details!

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