I found this great article in the New York Times on the housing rescue plan that President Obama has been working on to stem the wave of foreclosures. I know many of you are wondering if you are a candidate for the refi program that is included in this bill. It covers such things as:
- How to find out if your loan qualifies
- What the guidelines are
- Will I have to pay mortgage insurance if I am not currently doing so?
- Do I have to be underwater to qualify?
- Do I have to be behind on my payment?
And so much more, if you are interested in getting a refi at the current low market rates but owe more than the home is worth, this is a must read.
Emmy McLeish~providing real estate services for intelligent people in North Phoenix,Peoria and Glendale, Arizona
