Mortgage Lenders will begin accepting applications for the Homeowner Affordability and Stability Plan after the details of the program are announced on March 4, 2009.  In the meantime, you should gather your documents as listed:

• Informaiton about the gross monthly income of all borrowers, incliding your most recent pay stubs if you receive them or documentation of income you receive from other sources
• Your most recent income tax return
• Information about any second mortgage on the house
• Payments on each of your credit cards if you are carrying balances from month to month
• Payments on other loans such as student loans or car loans.

When the details of the program are announced you will need this information to speak to your lender about the Homeowner Affordability and Stability Plan.

Still have questions?  Call your local Elkhart Indiana Real Estate Expert Evelyn Johnston with Prudential One Realty at 574-304-7148.