refinance

via: cnn.com NEW YORK (CNNMoney) — Borrowers with some federally insured mortgages will be able to refinance into lower interest rate loans more easily and cheaply under a plan being unveiled Tuesday by the Obama administration. At a news conference scheduled later in the day, President Obama was set to announce that the Federal Housing […]

NEW YORK (CNNMoney) — President Obama will announce changes in the government’s Home Affordable Refinance Program (HARP) on Monday, making it easier for homeowners to capitalize on current low-interest rates by refinancing their old, high-interest mortgages. More than 890,000 Americans have already utilized the HARP program to reduce monthly mortgage payments but many more have […]