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Feature Article August 25, 2010
Obama's Mortgage Refinance Or Loan Modification Program
- August 25, 2010, 10:21 am
With the help of the plan laid by President Obama millions of homeowners save thousands of dollars each and every month, and save their home from foreclosure. The recently declared Making Home Affordable program mainly allows the homeowners to get 4% fixed rate home mortgages. It is very easy to get approval of Mortgage Refinancing help.Home Owner General Qualifications for Obama Refinance Program:
Have an unpaid balance that is equal to or less than $729,750 (for a single-family home).
The loan must be controlled by Freddie Mac or Fannie Mae, you will get your mortgage qualified for a 4%* loan modification.
If homeowners make their mortgage loan payments fully and regularly for 12 months, they would become eligible to refinance their home loan at a 4% with
Feature News
Applications for mortgage refinancing hit a 15-month high last week as interest rates remained near historic lows, a mortgage bankers' group said Wednesday.
Publisher: CNN Money
Mortgage rates fell to the lowest level in decades for the 10th time in 11 weeks, as investors worried about the economy. Business - United States - Mortgage - Financial Services - Mortgage loan
Publisher: Washington Post
The number of mortgage applications in the U.S. increased for a fifth consecutive week as record-low borrowing costs lifted refinancing.
Publisher: Bloomberg
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