sapan | Uncategorized | April 23rd, 2010 Comments Off
Homeowners should get benefit of President Obama’s “Making Home Affordable” program which permits 2%* refinance. The savings homeowners are reporting are in the hundreds, every month. Here is how you can get benefit of this program: Act Today – To Apply For Obama’s Making Home Affordable Program
Homeowners can refinance just now their home, even if they ensue to owe more than their home is value at market values, up to 5% more to be precise. This will assist a lot of homeowners who have, in the past few years particularly, seen the value to their home drop significantly due to the housing crisis. Also, this means that things such as 20% equity or the cash equal are no longer required when a homeowner refinances or modifies their home loan with this stimulus plan from President Barack Obama. Refinance a home mortgage loan is also accessible to homeowners who have been able to stay up with their home loan payments for 1 year.
This means no delayed payments or ignored payments. If you have still you can get benefit of the 2%* home refinancing choice from the “Making Home Affordable Plan”. There are other alternatives for homeowners who missed some payments like a loan modification.
Another alternative that homeowners will have from this program that the Government is helped with $75 billion is a home loan modification. This is accessible to homeowners who have missed or been late on 1 or more payments in the past 12 months. With this plan a homeowners can get a home loan modification keen on a fixed 2% interest rate. Also, homeowners who have a mortgage backed or financed by Fannie Mae or Freddie Mac can modify their home loan, and are automatically qualified to do so, using this “Making Home Affordable” plan. Fill Up Small Application Form for free counseling