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Obama announced in his State of the Union address that he was sending to Congress "a plan that gives every responsible homeowner the chance to save about $3,000 a year on their mortgage, by.
HARP Refinance: Loans For Underwater Homeowners. Sometimes called the "Obama Refi", the HARP program was launched in 2009 as part of that year’s economic stimulus program. At the time, current mortgage rates had been dropping and so were U.S. home values. 30-year fixed-rate mortgage rates had moved to the high-4s,
We have confirmation that we will be participating in HARP by month end AND we are looking. "A proposal floated by the Obama administration and Freddie Mac to induce private mortgage investors back.
President Obama announces expansion of the Home Affordable Refinance Program to Michigan. Check your eligibility for a HARP mortgage today!
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At yesterday’s event the president was to scheduled unveil various measures that aim to make it possible for cash-strapped mortgage holders to get relief. of Obama’s plan is to ease rules governing.
Save Thousands On Your Mortgage – Reduce Your Mortgage Bill By $3,120 Per Year ($260 Per Month). These new initiatives replace harp, the Obama-era mortgage relief program, and can help middle-class americans reduce their monthly payments by as much as $3,120 each year.
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The Obama refinance is one of today’s most powerful tools available to you as an underwater homeowner. But there’s a lot of confusion around the program so let’s take it from square one. What’s commonly known as the Obama refinance or Obama mortgage has an official name: the Home Affordable Refinance Program, or HARP.
Will Obama’s latest mortgage refinance plan help you?. Without the HARP program, borrowers would have to owe less than 80 percent of the loan’s value to refinance, so the majority of borrowers.
The Freddie Mac Enhanced relief refinance mortgage provides opportunities to borrowers with existing Freddie Mac mortgages who are making timely payments, but are unable to take advantage of the standard Freddie Mac "no cash-out" refinance offering because the new mortgage exceeds maximum loan-to-value (LTV) limits.
For Immediate Assistance Call 888-995-HOPE (4673) (Hearing impaired: 877-304-9709 TTY) Let an expert from a HUD-approved housing counseling agency help you understand your options, prepare your application, and work with your mortgage company.