Homeowner Affordability and Stability Refinance Plan (Obama Refi Plan)
Enabling Up to 7 to 9 Million Responsible Homeowners to Refinance:
Minnesota and Wisconsin Mortgage rates are currently at ALL TIME low levels, giving homeowners an opportunity to reduce their monthly payments by refinancing thier home. Unfortunately, under standard Fannie Mae and Freddie Mac underwriting guidelines, many MN and WI families are not able to do so with the declines in home values. Those who owe more than 80 percent of the value of their homes have not been able to refinance and take advantage of the GREAT Mortgage Rates. Millions of responsible homeowners who put money down and made their mortgage payments on time have – through no fault of their own – seen the value of their homes drop low enough to make them unable to access these lower rates. As a result, the Obama Administration put together a solution for the lucky, a new program that is helping as many as 7 to 9 million responsible homeowners who took out conforming loans owned or guaranteed by Fannie Mae or Freddie Mac to refinance today!
For more information and to find out if you qualify for the Homeowner Affordability and Stability Refinance Plan (Obama Refinance Plan) please CLICK HERE
