Need help?

If you’re behind on your mortgage payments, or worried about how you’ll make the next one, join the more than 1.5 million families who have been helped so far. Fannie Mae has a great resource at KnowYourOptions.com. This web site teaches consumers about their options if making a house payment becomes a struggle.

The program most people know about is the Home Affordable Modification Program, or HAMP. HAMP is designed to lower your monthly mortgage payments, making them more affordable and sustainable for the long-term.

If you’re current on your mortgage, but have had difficulty refinancing, the Home Affordable Refinance Program could provide a solution. Even when you owe more than your home is worth, if your mortgage is owned by Fannie Mae or Freddie Mac, you could save with HARP.

Did you know there are programs specifically for those who have lost their job? Unemployment forbearance programs let you take a break from your regular payments while you’re looking for work.

The Home Affordable Foreclosure Alternatives program provides homeowners the opportunity to exit their homes and be relieved of their remaining mortgage debt through a short sale or a deed-in-lieu of foreclosure.

Studies suggest that homeowners who work with housing counseling experts are more successful and have better long-term outcomes. The professionals at 888/995-HOPE (888/995-4673) are available around-the-clock at no cost to you. They will help you understand your options, design a plan to suit your individual situation and prepare your application.

Unfortunately, and far too often, homeowners looking for mortgage help end up victimized by scam artists. Know the warning signs to protect yourself, your money, and your home.

All of the above information and more are available for you at KnowYourOptions.com. Avail yourself of this great resource, or pass it along to a friend in need.

Tammy Engel is your local Mortgage Advisor and has been certified by USA Cares as Military Housing Specialist. Contact her at 661/822-7325 for help with purchase, refinance, and reverse mortgage.