Take Advantage Of The Lowest Home Mortgage Refinance Rates Today
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    • Take Advantage Of The Lowest Home Mortgage Refinance Rates Today
    The federal making home affordable program offers refinancing options to homeowners who have been struggling to deal with their existing mortgage debts. Assisted by a massive $ 75 billion stimulus package, the Obama plan provides a ray of hope of tens of thousands of borrowers for saving their homes from possible foreclosures. Nevertheless, to be eligible to receive the benefits offered by government financial assistance, applicants need to fulfill certain eligibility conditions. But if you can qualify for the plan, you could find yourself in a win-win situation as you could be able to save hundreds of dollars every month on your monthly payments.

    Refinanceitt offers professional mortgage refinance advice online to guide borrowers in understanding the Obama refinance program guidelines and process requirements as well as in enabling them to prepare correct documentation which is necessary for getting an early approval.

    By qualifying for the lowest possible home mortgage refinance rates ever in the history of the United States, borrowers could substantially reduce their monthly installments thereby saving thousands of dollars over the long run. Under the Obama home refinance plan, borrowers could borrow up to 125% of their home’s existing market value and refinance it by satisfying few basic guidelines mentioned below.

    • Homes to be refinanced necessarily need to be primary residences and not commercial or investment properties.
    • Value of unpaid mortgage balance cannot exceed $ 729,750 for a single unit family home. It could be more for 2, 3 or 4 units.
    • Present home mortgages have to be insured or owned by the nation’s leading mortgage servicers Freddie Mac or Fannie Mae.
    • Borrowers, who want to take advantage of low refinance mortgage rate, need to be current in paying their existing monthly payments for the past 12 months and any default should not have been more than 30 days.
    • Applicants need to demonstrate proof of having stable as well as steady employment with enough regular monthly income to pay the new monthly installments.

    Mortgage interest rates are at record lows ever since the Obama stimulus program is in action. Therefore, if you could meet the aforesaid essentialities, you need to seek help from reliable and reputable mortgage specialist services for preparing the correct and accurate paperwork which needs to be furnished along with the federal home affordable refinance application form. Remember, this is the most complicated task in the entire process and many applications have got denied because of the same.

    Refinanceitt could actively assist you to get quickly approved for the best home affordable refinance program rates online even if you have bad credit. This could enable you to secure monthly payments which are affordable as well as favorable to satisfy your unique financial needs and requirements and thus, save your home from being foreclosed.
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