Government Mortgage Refinance Program – Up to 25% Underwater
In the past, we’ve written about the governments Making Home Affordable program and how it can help people refinance their homes when they are upside down / underwater in their mortgage loans. The original requirement was that you could not be upside down by more than 5%, which means your home’s value could not exceed 105% of your loan balance. Earlier this month, however, the program...
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