In the current economic climate many people are looking at the options available to them for mortgage refinancing under Obama’s ‘Make Home Affordable’ program.
A significant difference between the ‘Make Home Affordable’ program and previous programs designed to help people in difficulty is that even people who are currently up to date on their mortgages may be eligible to apply and reduce their interest rates.
If your home has decreased in value and you have a mortgage through or guaranteed by Fannie Mae or Freddie Mac you could be entitled to mortgage refinancing.
To be eligible the following conditions must be met:
