Anchorage has one of the best economies in the nation. The State of Alaska announced this week that the Alaskan job rate was up both in terms of new jobs and in the jobless rate. However, no matter how strong the economy may be in Anchorage, Alaska or the nation, if you find yourself on the downside of the economy, you need to take action.
Last week, the Obama administration unveiled the Homeowner Affordability and Stability Plan. The plan is two fold, offering both refinance and loan modification options. The purpose of the plan is to help homeowners prevent foreclosure. You do not have to be behind in payments in order to qualify. HUD's Hope For Homeowners program was also revised to give more options to homeowners.
If you see yourself on the downside of the economy, please contact your lender immediately. Here are links that may help you as an Anchorage homeowner:
Homeowner Affordability and Stability Plan: FinancialStability.gov (http://financialstability.gov)
HUD Hope For Homeowners: Basic Consumer Facts (http://www.hud.gov/hopeforhomeowners/consumerfactsheet.cfm)
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