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President Obama on Monday announced new measures to help borrowers refinance their existing mortgages to new loans with lower interest rates and cheaper monthly payments. The plan is an expansion.
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"There shouldn’t be an ideological barrier to getting this done," Mr. Obama said in a virtual town hall hosted by the online real estate database Zillow. The first iteration of the government’s.
This program is described on the official site for borrowers who want to lower monthly mortgage payments, "making them more affordable and sustainable for the long-term". The home affordable refinance program (harp) The HARP program is for homeowners who are current on mortgage payments but, "have had difficulty refinancing".
The program helps underwater homeowners refinance their mortgages; the president wants to extend HARP to loans that aren’t backed by the government. Mr. Obama made the case that. them cross,".
President Obama apparently has noticed home mortgage interest rates are at or near record lows. Hints from the White House suggest he may soon announce a new mortgage refinancing program for people.
The key components of Obama’s foreclosure-avoidance program are loan. The Home Affordable Refinance program which will help. New fha loan mortgage Program Can.
Obama Mortgage Refinancing Options.. The MHA site directs borrowers who need to refinance to the Home Affordable Refinance Program or HARP for short.. The new refinance offering will provide much-needed liquidity for borrowers who are current on their mortgage but are unable to refinance. DecideMoney | New Homeowner Program Offers Up To $3,120.
August 8, 2016 – Some borrowers need Obama mortgage help from the Making Home Affordable (MHA) program because they have fallen behind on their mortgage payments and don’t know what their options might be. Others feel their mortgages are too high and want to refinance in order to avoid missing payments that have become unaffordable, but have difficulty doing so.