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Obama Housing Plan

Date: Fri, 02/27/2009 - 12:30
Submitted by on Fri, 02/27/2009 - 12:30
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I spoke with my mortgage broker today. March 4th the guidelines for the housing plan will be released. He told me that I should be able to refi even though I owe a little more than the current value of my home! That is good news.
Jason


it is good news for people who are in or close to foreclosure, over 60 days late, or are "under water" in their current mortgage. It's not good news for those who don't fit those guidelines ... the lending rules are even stricter than ever before, banks simply aren't lending money to "regular" people.

come back here after March 4 and let us know what the terms of the loan is, I am really interested to hear about it! Good luck!


Submitted by smo65d11 on Fri, 02/27/2009 - 13:53

smo65d11

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