Question by Susan: When will I be able to qualify for a lower interest rate on my mortgage that has Private Mortgage Insurance?
I heard there may be some relief for us millions of americans that do not qualify for the quick no fee no cost refinance to lower our interest rate because we have private mortgage insurance. I am trying to keep my home but I owe way more on it than what it is currently worth. President Obama was talking about a program for us, where is it? How soon if at all will it be available to us? When will we know if it is available to us?
Answer by Mary
As a banker, yes, you can.
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