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In February 2009, the Obama Administration introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis to get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize the housing market and help struggling homeowners get relief and avoid foreclosure.
South Central Bank is proud to participate in this program and fully support efforts to help families lower monthly mortgage payments and/or to avoid foreclosure with the ultimate goal of helping them remain in their homes.
The Making Home Affordable project allows eligible borrowers to refinance or modify their existing first mortgage. To view detailed information about the program, visit www.makinghomeaffordable.gov.
South Central Bank supports the following elements of this program:
1.Home Affordable Refinance (Relief Refi)
2.Home Affordable Modification (HAMP)
3.Home Affordable Foreclosure Alternatives (HAFA)
You may also visit www.makinghomeaffordable.gov/eligibility.html to determine if you may be eligible.
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