This program officially goes into effect on April 4th 2009. It is meant to assist homeowners that have been making their mortgage payments on time but have been unable to refinance to take advantage of lower rates due to decreasing housing values.
It is not geared for people that are currently or recently have been behind on their mortgage payments. For those people there is a new Government backed loan modification program in effect today that can help you lower your payments and save your home. We will discuss the federally backed modification program in another article in detail shortly.
If you think you may qualify and want to get information about the new Federal Florida Affordable Home Refinance Program please call us today at 800-871-2636 or Apply Online NOW!
Eligible Mortgage Loans: - Any loan owned by Fannie Mae, Freddie Mac
Occupancy: - Occupancy of the property securing a Refi Plus loan may be a primary residence, second home, or investment property.
Multiple Mortgages To the Same Borrower: - No Limit
Occupancy: - Occupancy of the property securing a Refi Plus loan may be a primary residence, second home, or investment property.
Read the full explanation at: http://www.fivestarsmortgage.com/mortgage-articles/31/
Thursday, March 5, 2009
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