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Paying Your Mortgage

 The government has a program to help you with mortgage costs

By
Laura Adams, MBA

Quick Tip for Paying Your Mortgage

If you’re having trouble paying your mortgage due to a financial hardship, you may qualify for one of the relief options in the government’s Making Home Affordable Program, such as a loan modification.

To apply for the Home Affordable Modification Program (HAMP), you must own and live in your home, have taken out your mortgage before 2009, and have a monthly payment (including property tax, insurance, and home owner dues) that exceeds 31% of your monthly gross (pre-tax) income. Be sure to visit makinghomeaffordable.gov for more program details.

Mortgage image courtesy of Shutterstock

About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a trusted and frequent source for the national media. Her book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show. 

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