Here are some details of the very recently announced program by Fannie Mae. This won’t help everyone, but it will free up room in many homeowners monthly budget.
Can closing costs be rolled into the new loan? – Yes, as long as the new first mortgage loan will not exceed 105% of the appraised value.
What about [...]
The below is courtesy of Neighborhoodlink.com and is a very simple and concise explanation of President Obama’s new mortgage “bail-out” plan for homeowners. While I have mixed feelings about the program, I do believe it will help tens of thousands of homeowners. My biggest worry…at what cost….
http://www.neighborhoodlink.com/article/Homeowner/Mortgage_Rescue_Plan_FAQ
President Obama recently announced a $75 billion initiative called [...]
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