Comments on: Homeowner Affordability and Stability Plan – Making homes affordable

By: Gillian G.

Gillian G. — Sun, 29 Mar 2009 18:57:21 +0000

Thanks GLBL for your info on the Stability Plan. Information online (in many cases direct from the U.S. Treasury and related consumer websites) is just the starting point. Bridging the information gap, I found the best affordability calculator @ HomeAffordPlan.com. This web service seems like a dramatically surer way to a reliable eligibility determination than the toll free number found on the typical mortgage statement. Key differences b/w the calculators that I noted were:

1) The Treasury’s calculator does not give an analysis based on the persons specific financial situation. The calculator at homeaffordplan does, and does so for free without asking for identifying information.

2) The government calculator does not mention the incentives available to the borrower of the $1500 payment and a $5000 reduction in principal.

3) Homeaffordplan’s calculator results alert users if they will be required to undergo credit counseling in order to participate in the program.

Hope the above helps anyone who properly benefit under the Plan!

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Thu, 19 Mar 2009 14:59:52 +0000

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Popular articles from the last few months… — Sat, 07 Mar 2009 19:52:22 +0000

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By: Dan

Dan — Thu, 05 Mar 2009 15:41:11 +0000

Anyone else concerned about the whole stimulous recovery seems to be geared to making lenders lend and consumers borrow more and more? Isn’t part of the whole problem that we as a nation of consumers, just became so overlevereged that we couldn’t affort it any more? How will this be anything but a short term jolt which will leave us all worse off after all is said and done?

By: Neal Frankle

Neal Frankle — Thu, 05 Mar 2009 14:31:42 +0000

I’ve got an idea for a “Homeowner and Stability Plan”

Only be a homeowner is you can afford it.

Much lower cost alternative. Why should the government be involved in this?

By: Monroe on a Budget

Monroe on a Budget — Thu, 05 Mar 2009 12:25:22 +0000

I really wonder how many homeowners that will help in my region. Home values have fallen so much in southeast Michigan that there will be people that even that 105% refinance ratio won’t help.