New Housing Refinancing Program will Help Avoid More Foreclosures
The continued problem for the US economy and housing market posed by foreclosures is being dealt with by the Obama administration with the announcement of the revised Home Affordable Refinance Program. This program revision helps homeowners refinance at lower mortgage rates. Many homeowners were stuck with very high interest rates and couldn’t renegotiate them. Great for the banks but not good for homeowners who have found themselves owing a lot more on their mortgage than their homes were worth.
The Affordable Housing Program will make it easier for homeowners to stay in their homes by ensuring that creditworthy owners can get loans without being penalized for declining property values.
Realtors, see which realtor apps you should have, why real estate videos can help you generate more real estate leads and build your brand image. What real estate marketing channels will you use in 2012?