affordability: HOMEOWNER AFFORDABILITY AND STABILITY PLAN
- 03/10/09 12:50 AM
President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes. The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is an incentive for homeowners who have less than 20% equity in their homes, or who owe more than their home is worth. The second part attempts to lower monthly payments for homeowners at risk of losing their home. Here is a brief overview of both initiatives.Less than 20% equity in your home? Under current rules, those families who own less than 20% equity in their homes have … (1 comments)
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President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes. The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is an incentive for homeowners who have less than 20% equity in their homes, or who owe more than their home is worth. The second part attempts to lower monthly payments for homeowners at risk of losing their home. Here is a brief overview of both initiatives.Less than 20% equity in your home? Under current rules, those families who own less than 20% equity in their homes have … (1 comments)
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