Wednesday, May 23, 2012
Mortgage refinancing to get easier under revised U.S. program
The plan could help 1 million to 2 million people get significantly lower monthly payments in hopes of stabilizing the real estate market.
The Obama administration is launching yet another high-profile campaign to shore up the housing market — and with it, the economy — by making it easier for some struggling homeowners to refinance underwater mortgage loans at today’s ultra-low interest rates.
Read the original post on L.A. Times – Real Estate News
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