Obama’s Home Loan Help Goes Online

The Obama Administration has made a commitment to help troubled homeowners. As part of fulfilling that commitment, a new web site from the Treasury Department and the Department of Housing and Urban Development provides great information and assistance for homeowners interested in the administration?s Making Home Affordable loan modification or refinancing programs.

If you are considering refinancing, you need to know that in order to be eligible, the first mortgage loan on your home cannot exceed 105 percent of the home?s current market value. For example, if the market value of your home is $300,000 and you owe less than $315,000, you may qualify.

For additional coverage click here.

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