Obama Expected to Unveil Housing Aid

October 25, 2011 | Comments Off on Obama Expected to Unveil Housing Aid


President Barack Obama is expected to announce Monday new policies to help struggling home owners, including a move that would allow borrowers to refinance their mortgage at current low rates no matter how much their home values have dropped. 

The announcements are expected to unveil looser terms to qualify for the Home Affordable Refinance Program (HARP), which helps borrowers up-to-date on their mortgage payments refinance, despite a drop in their home values. 

Source: www.Realtor.com


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