Making Home Affordable Refinance2mortgageguys asked: Let’s talk about the Making Home Affordable Refinance program just rolled out by Obama’s Administrations. It’s designed to help you refinance into a lower interest rate even if your home value would normally disqualify you from doing this.Chad Would it be better to refinance every U.S. Citizen’s Primary mortgage than give >$1tril to financial giants?b.wtfdik asked: The current ~$700Billion plan looks a lot like Government is bailing out its buddies in BIG BUSINESS, and nothing will ever trickle down to the common U.S. Citizen. To turn that around use the leftover ~$300Billion Bush Administration bail-out plus President Elect Obama’s $825Billion to pay the Mortgage industry (the cost of processing [...] What would happen with my house if I stop paying the second mortgage which I can’t afford?Yovany asked: I can only afford to pay my first mortgage and I can’t refinance the loan because of the decreased home value and bad credit.MALCOLM Cash Out Refinance Mortgage Loan – Resort for Greater Cash HelpRobert Langdon asked: Your home value has substantially gone up over the years. This means that your home has great amounts accumulated in it as equity. It is this equity that you would like to explore for meeting expenses towards variety of purposes. But how do you do it? Well, one beneficial way is to [...] |