your home equity? – “Depending on the amount of equity you have in your home, you can often have a large line of credit.” Two other ways homeowners can take cash out of their house are to apply for a cash-out refinance.
The program applies only to loans that are owned or guaranteed by Fannie Mae or Freddie Mac, the two secondary-market mortgage.
In early 2009, the Obama administration announced a program called Making Home Affordable. This program, also called the Obama Mortgage, is expected to help nine million homeowners keep their homes and avoid foreclosure through refinancing and modified loans designed to lower monthly mortgage payments.
Refinancing Rates For Mortgages Refinance rates were mixed, but one refinance plan requires Congressional approval to become law. Editor’s Note: As of late 2012, the Obama Refinance Plan has not been. The home affordable refinance Program (HARP), also known as the Obama Refinance Program, was set up by the federal government in 2009 in response to the widespread collapse in home prices that had.
Obama program home refinance mortgage – Mortgagelendersincolorado – Time to Ramp Up Refinancing – In fact, this special benefit-known as protection from "put-back risk" in mortgage parlance-is the top reason why banks that are left out tend not to offer Home Affordable Refinance Program.. Learn about the Obama Refinance Program. Get all your questions answered.. The actual program is called (HARP) Home Affordable Refinance Program and it is designed to.