Mortgage Loans

Obama Refinance Plan For Mortgages

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How The Obama Mortgage Plan Works : NPR – The plan commits $275 billion in government funds to the effort and would help some homeowners reduce home payments by refinancing.

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The federal government’s Home Affordable Refinance program is designed to help homeowners refinance their mortgages even if they owe slightly more than the current value of their homes.

Many people refer to government foreclosure avoidance programs as Obama mortgages, but the Making Home Affordable program is basically the original Obama mortgage. It includes a variety of options for those who need help to better afford their monthly house payments.

Who's Eligible For Obama's Mortgage Plan? – CBS News – Who’s Eligible For Obama’s Mortgage Plan? February 19, 2009 / 12:11 PM / CBS On Wednesday, President Obama laid out a $75 billion plan to help millions of Americans refinance their mortgages and.

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How The Obama Mortgage Plan Works : NPR – How The Obama Mortgage Plan Works President Barack Obama says up to 9 million struggling homeowners could get help from the housing rescue plan he outlined. The plan commits $275 billion in.

Obama’s Mortgage Refinancing Program Extended By 2 Years – Law360, New York (April 11, 2013, 4:54 PM EDT) — The Federal Housing Finance Agency on Thursday extended the life of a popular Obama administration program that has already helped more than 2 million.

HARP Program Loans or The Obama Refinance Program – The Home Affordable Refinance Program, or HARP program, was initially set to expire. Obama Administration Considering New Mortgage Assistance Program.

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Bottom Line- this program will more than likely help many people refinance their homes at relatively low costs for monthly payment reduction benefits. If you would like to learn if you qualify for this program, contact us. You can also get an Obama refinance rate quote with no obligation. Find information on the Obama Refinance Program.

FACT SHEET: President Obama's Plan to Help Responsible. – Providing Non-GSE Borrowers Access to Simple, Low-Cost Refinancing: President Obama is calling on Congress to pass legislation to establish a streamlined refinancing program. The refinancing program will be open to all non-GSE borrowers with standard (non-jumbo) loans who have been keeping up with their mortgage payments.

You can’t be approved for an Obama mortgage refinancing or loan modification plan unless you can prove on-time payments for 12 months. "On time" is defined as being no more than 30 days late on any payment. Obama mortgages are for those who are applying for mortgage bailouts for the loan on the primary residence.