Home is where the heart is. Owning a home of any kind is a dream for many people these days, mainly because of the affordability. However, many people are scared of the mortgage payments and foreclosure laws and rather live in rented quarters all their lives. If only things were made easier for the prospective home owners they could truly own that dream home. The government mortgage help plan does just that. They help the average person to own a home without fear of foreclosure.

Government To The Rescue

The United States government is worried about the large number of its citizens who do not own homes or find it difficult to make their mortgage payments. The main reason for this is, the ever rising cost of living. Everything has become so expensive these days that it is a struggle just to make ends meet, let alone, pay off mortgages. In order to help its citizens, the US government has come out with mortgage programs.

The Obama Administration has come out with something called "Making Home Affordable Program" and "Home Affordable Foreclosure Alternative Program". These programs provide mortgage and foreclosure help to US citizens. They give mortgage payment advice as well as opportunities to modify mortgage payments. They also provide refinancing facilities.

All this aims at making the mortgage payments more affordable and also helps to avoid the danger of foreclosure. The program has an official website that allows a person who needs help, to log on and look up the various options available and also find a counselor who would guide the person through the payment. There is a help line listed that is open 24/7 for the distressed individuals.

Through the government mortgage help plan, people who are in trouble with their mortgages can be assured of a scam-free rescue out of the muddle. Of course there are certain eligibility criteria for securing the government mortgage program. For this there are forms to be filled out online which enable people to check if they are eligible or not.

There are also other programs that have been floated by the government to help home owners. Programs like Hope Home Loan Reduction Program and Home Affordable Refinance Programs, help reduce the interest rate on the loans and extend the mortgager more time to repay the loan. The government has also come out with programs for the unemployed in the face of many people losing jobs due to the recession.

Whatever may be the name given to the program, they all aim at one thing - ensure that owning a home is affordable to the average American. The government aims to stabilize the housing market and reduce the inequalities in society with their mortgage programs. Government mortgage help plan is a person's ticket out of exorbitant mortgages and risks of foreclosure.