Where to find the best mortgage refinancing
If you've been reading the news lately, you've heard of Obama's smoking hot mortagage refinancing initiatives.
No Extensive Underwriting Requirements
Even if you have less than perfect credit, you will still qualify.
Here are some key points of Obama's mortgage rules:
No extensive underwriter requirements
Mortgage must be current
Fannie Mae and Freddie Mac will waive fees
No matter how far underwater you are on your current mortgage, you will still qualify for a refinance.
Mortgage Must Be Current
One missed payment within the past six months makes you ineligible. Even if your lender told you to stop making payments, you are still ineligible.
Fannie Mae and Freddie Mac Will Wave Fees
Your loan must be owned by Freddie or Fannie in order to qualify at all under this plan. The loan has to have been sold to Fannie or Freddie before June, 2009. Find out if your loan is owned by Freddie Mac or Fannie Mae prior to signing up for this new plan. Fannie and Freddie will waive some of the fees associated with closing to reduce the cost of refinancing.
To look for the best mortagage refinancing, check our site sponsors or bankrate.com.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- 10yr Auction Post Mortem + 30yr Auction Thoughts | ZeroHedge
- The 5×5 Trick To Make Life Better | Altucher Confidential
- Banks Outperform the Market With Regional Banks Pulling Ahead | Financial Sense
- The Economy of the Future | Financial Sense
- A Greasy Situation | iBankCoin.com
- Taper Hurdle for Santa Clause Rally | Financial Sense
- Obama Birth Certificate Verifier Is Lone Fatality In Small Plane Crash | ZeroHedge
The most relevant financial news and articles from the Internets
- Do Yourself A Favor And Outsource Christmas | Business Insider
- The Biggest Flops In Tech This Year (AAPL, YHOO, GOOG, MSFT) | Business Insider
- The NSA Is Using Google's Advertising Cookies To Track Its Targets | Business Insider
- Which Is America's Best City? | BusinessWeek
- Russian Official Says Nukes Are A Good Response To US Conventional Strike | Business Insider
- Notable... | StreetInsider.com
- The End Of The Feature Phone Is In Sight As Smartphones Take A... | Business Insider