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new refinance program to help underwater homes owners - 02/01/12 09:33 PM
This month President Obama is announcing a new program to help homeowners who want to refinance their home loans to today's lower interest rates but have been unable to do so due to being underwater.
  Right now in Manatee county almost half of the homes that have mortgages on them owe more than the current value.  If you are underwater in your home refinancing to get to a lower payment is simply not possible as any lender would require that the home be appraised, and the loan could not be for more than the current appraised value.   The new loan refinance … (0 comments)