In the news lately you may have heard of the new website launched by the federal government - Making Home Affordable.   This new website offers online tools that will help today's homeowner determine if they are eligible to participate in the “Making Home Affordable” loan modification and refinancing program.

This site shares information about how this program works and who is eligible for assistance. This is the same $75 billion program you may have heard of recently in the media. You should have the following available:

* Information about your first mortgage, such as your monthly mortgage statement.

* Information about any second mortgage or home equity line of credit on the house.

* Account balances and minimum monthly payments due on all of your credit cards.

* Account balances and monthly payments on all your other debts such as student loans and car loans.

* Your most recent income tax return.

* Information about your savings and other assets * Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources.

* It may also be helpful to have:A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.) if applicable.

There are several programs out there right now, new energy tax credit, $8000 tax credit for first time home buyers, and long term interest rates lower than 5%. There is something for everyone. Check out these opportunities and see if any of them can help you or call me to discuss your current situation.  Together we can find a solution to your real estate needs.