Thursday, July 7, 2011
Refinancing problems? here is a suggestion...
The HARP refinancing program is addressing precisely this need. HARP: Home Affordable Refinance Program, administered by Fannie Mae and Freddie Mac.
Good News !!
Some limitations apply of course, but fairly reasonable. One of them, for instance, is that you need to spend more than 31% of your pre-tax income on your mortgage payment. (thank you Nicolas! ;-) for the input). Check out the details on the Freddie Mac web site, or the Fannie Mae web site: Fannie Mae web site.
Another program worthy of noting if you have financial problems: the "Making Home Affordable" Program.
Thanks for reading!
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