5
Mar
Home Mortage Refi Program for Underwater Homeowners
The accusation can be made that government programs never come in at their projected costs or finish on time. The government’s current Home Affordable Refinance Program is a prime example. The Obama administration’s Home Affordable Refinance Program was scheduled to end on June 10 . Now it will run to June 30, 2011, the Federal Housing Finance Agency said Monday.
The program allows borrowers, who owe up to 25 percent more than their homes are worth, to refinance to lower interest rates. Read more 