Steve Terhaar

Steve Terhaar

For sale signs. Foreclosure notices. Families walking away from homes they can no longer afford. Unfortunately, this economy has made these all too commonplace here in Michigan.

Fortunately, there is some good news: we’re offering help and hope, through Fannie Mae’s Make Home Affordable Program. As the federal agency chartered with the mission of providing a stable source of funding for housing markets, Fannie Mae has created two programs. The Refinancing Program is for those who are paying their mortgages, but are unable to refinance to take advantage of lower interest rates, perhaps because their homes have lost value. The Modification Program is for
homeowners struggling to make payments and are at risk of default or foreclosure.

As one of the few community banks participating in this program, I’m truly happy to be able to offer this help to our neighbors. If you’d like to know more, view our webinar, “Mortgage Modifications and Refinancing in Today’s Environment.” It goes over the MHA programs, who’s eligible, and how to get help. Get more information here, or call us at 517-423-8373.

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