Government Home Loan Modification Program will be Advertise on National TV

The fact that government home loan modification program helped more than one million struggling homeowners in the United States by lowering their monthly mortgage payments, the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) are working to advertise their new program on the national television, mainstream media, and other outlets to reach out to more that may need help with their mortgage loan before they lose it to foreclosure.

The U.S. Department of the Treasury and Department of Housing and Urban Development (HUD) ad campaign will be distributed to more than 33,000 media outlets nationwide and will be feature on television, radio, papers, and out of home, as well as online advertising. The ad campaign will focus on Making Home Affordable Program (HAMP) which started in February of 2009. The PSAs will air on television by donated time slots by the media.

The government-controlled mortgage modification program will be given free to struggling and qualified American homeowners. The lenders will coordinate with the homeowner in refinancing the home loan by either lowering the allotted interest rate, extending payment term, and lowering the amount that has to be re-paid with principal forgiveness. The main objective is to get the homeowner to have a mortgage payment that is under 31 percent of there total monthly income.

Interested individuals and homeowners may visit www.makinghomeaffordable.gov to learn more about the HAMP government home loan modification program.

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