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Will Obama's latest mortgage refinance plan help you. – President Obama on Monday announced new measures to help borrowers refinance their existing mortgages to new loans with lower interest rates and cheaper monthly payments. The plan is an expansion.
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Objective: The federal government’s Home Affordable Refinance program is intended to help creditworthy homeowners whose homes have decreased in value refinance their mortgages to obtain lower interest rates or payments, lock in a fixed interest rate or eliminate onerous loan terms to improve their long-term stability as homeowners.
Program home refinance president – Fhaloanlimitsillinois – making home affordable refinance and Modification-A 2009 Federal Program to Help Struggling Homeowners – Today President Obama announced the details of his Homeowner Affordability and Stability Plan. The housing program has two key features: (1) a Home Affordable Refinance Program; and (2) a Home.
The biggest change of the new streamline refinance programs is that they don’t have an expiration date, says Keith Gumbinger, vice president of HSH.com. "It should be a comfort to borrowers who are exposed to the vagaries of the market that they are protected from future downturns, especially if they bought a home at the height of the market.
Making Home Affordable is the government homeowner bailout program designed to help nine million Americans avoid financial trouble because of the troubled housing market. There are two aspects to the Obama Mortgage: refinancing and loan modification.
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