Question by mark.myers49: the bill president bush just signed for home mortgage refinancing?
if so how and when can we refinance using this gov. bill
Best answer:
Answer by acermill
What bill ?
Give your answer to this question below!
Question by mark.myers49: the bill president bush just signed for home mortgage refinancing?
if so how and when can we refinance using this gov. bill
Best answer:
Answer by acermill
What bill ?
Give your answer to this question below!
its the hope bill or something like that … if your mortgage is more than 38% of your monthly income, the govt will help you renegotiate your loan to lower your payments. go to http://www.hud.gov or the hud website ….
Nothing benefits the consumer in this bill. Sure you will be able to stay in your home at a reduced monthly payment and have your mortgage at 40 or even 50 years. Banks win on this one. If you sell after 10 years you will still owe a substantial amount of money for your loan.