Jul
01
2009
Obama mortgage refinancing program to 125% loan to value
Posted by in Mortgage Loan NewsNews Sources wrote an interesting post today on
Here’s a quick excerpt
by Moe Bedard on July 1, 2009 · 0 commentsin Government Good news to the millions of underwater homeowners who need a life raft, vest and an island to hold on to. It looks like Obama has a new refinance program that will assist borrowers with homes worth up to 125% of the current market value.With the rapid deterioration in real estate markets all over the country, Obama’s refinance plan appears on the surface to be a good option for many underwater homeowners. However, in places like Southern C
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