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Based on your answers to all of the refinance eligibility questions, you may qualify for a Home Affordable Refinance. The next step is to gather the information you will need when you speak to a housing counselor or the servicer of your mortgage. This includes:
CHECKLIST
- Information about your mortgage, such as your monthly mortgage statement and
- 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.
- Your most recent income tax return.
- 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.
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After you have this information, you should call your mortgage servicer or lender (the organization to whom you make your monthly mortgage payments) and ask about the Home Affordable Refinance application process. The number should be on your monthly mortgage bill or coupon book.
Please be patient
Lenders and servicers have started to implement the program and there may be a slight delay before they are prepared to process all applications.
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