Yes, there is such thing as the Home Affordable Unemployment Program. Listed on the U.S. Department of Housing and Urban Development, this program has been set up for those who are having a tough time making their mortgage payments because they are unemployed.
It happens! You’re going along in life and suddenly, wham! You lose your job. What next? The bills are piling up and the mortgage needs to be paid. However, through the official program of “Making Homes Affordable,” this can ease some of that stress.
The unemployment program provides a temporary reduction or suspension of mortgage payments for at least 12 months while the individual seeks re-employment.
For more information, program availability, videos, and contact information, see the website here.
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