The Obama Administration unveiled the final details of its "Making Home Affordable Program," which is designed to help up to 9 million American families refinance or modify their loans to a payment that is affordable now and into the future. One of the initiatives in this program is aimed at helping responsible homeowners "refinance" their loans to take advantage of historically low interest rates. Here are some common Questions and Answers about the Refinancing Initiative in the program.
Who is eligible?
You may be eligible if:
•You own and currently occupy a one- to four-unit home.
•Your mortgage is owned or controlled by
Fannie Mae or Freddie Mac
•You are current on your mortgage payments.
•The amount you owe on your first mortgage is about the same or slightly less than the current value of your house.
•And, you have a stable income sufficient to support the new mortgage payments.
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Professional Mortgage Loan Specialist
Christian Roberts Mortgage
512 E Winchester Plaza
Murray, UT 84107
(801) 604-4949 mobile
(801) 716-5237 office
(888) 880-3472 direct fax