Monday, October 24, 2011

Changes to HARP

President Obama is announcing changes to the federal Home Affordable Refinance Program today to help citizens take advantage of the low interest rates. The biggest change will allow homeowners who owe 125% of the market value of their homes to get new loans.

http://money.cnn.com/2011/10/24/real_estate/housing_refinance/index.htm?hpt=hp_t1

1 comment:

  1. It's nice to see that the white house is not just speculating this disaster. 1 million is a big number, but it still is not enough to reach the rest. Most of these refinancing programs require people who have been paying off their mortgage. As a result, the majority can not be reached..

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