President Obama took Wednesday morning to answer your questions on housing during an online interview, and it’s worth a watch. It’s part of his push for a more secure foundation for middle-class home ownership.
We want to make sure you’ve got the facts about President Obama’s plan, and the resources that are already available for homeowners.
Here’s what you need to know: The President’s plan involves simple, commonsense steps that folks on both sides of the aisle agree on. That means making it easier for families to refinance, reforming the system so families aren’t on the hook for the bad behavior of certain mortgage lenders, and helping folks who aren’t homeowners yet get affordable housing that’s right for them.
And while we need to do more, there are some resources we’ve already helped make available:
- MakingHomeAffordable.gov is there to help get you mortgage relief and avoid foreclosure. If you or someone you know needs assistance, they can help you find programs that can help — both online and through a free, 24/7 support line that can connect you with housing experts.
- The Consumer Financial Protection Bureau is looking out for homeowners who might be victims of predatory lending or unfair consumer practices. Find out how to get help, or submit a complaint if you believe you’ve been taken advantage of. They’ve also got a special section that can help walk you through mortgage jargon.
Take a minute to share this information with your family and friends, so that people who might not know about these resources can start getting help if they need it.