Will My Mortgage Now Qualify For Refinancing Under The Obama Housing Plan?
This was a question I received based on an earlier article looking at the refinancing under current market conditions. With interest rates at historic lows, refinancing is a very attractive financial option that could save thousands of dollars on a standard mortgage. For example, by refinancing from a 6.75% rate to 5% rate on a $200,000 mortgage, could reduce monthly repayments by up to 17%!
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