Sep 04, 2009
Help for Homeowners and Renters
Mortgage/Rent Assistance for Middlesex County Residents with MS
The Central New England Chapter has received a grant from Action for Boston Community Development in Boston to help people with MS in Middlesex County who are behind in their rent or mortgage payments. To be eligible, you must be a person with a documented diagnosis of MS and meet chapter income eligibility requirements. For further information, contact Judy Cotton, Director Chapter Services at 781-693-5141.
Attention Homeowners!
You May be Eligible to Restructure Your Mortgage Loan
You may qualify for mortgage loan restructuring through President Obama’s Making Home Affordable program. The program has two components:
- The Home Affordable Refinance program allows borrowers to refinance into a 30- or 15-year fixed rate loan even if they owe more on their mortgages than their homes are worth.
- The Home Affordable Modification program lowers homeowners' monthly mortgage payments to as low as 31 percent of their verifiable gross monthly income (i.e. 31% Debt-to-Income ratio).
To learn more and to determine if you are eligible, visit the Making Home Affordable website.
State resources:
New Hampshire Homeowner Hotline: 1-800-437-5991
www.homehelpnh.org key tips for preventing foreclosure.
Massachusetts Homeowner Hotline: 1-617-973-8787, 1-888-283-3757
www.mass.gov/foreclosure (includes a video to connect struggling Massachusetts homeowners with housing counselors).