“Even with the expanded HARP 2.0 guidelines, we are still finding that 4 out of 10 borrowers we speak with are unable to qualify for a refinance due to participating lender restrictions,” explained Brian Maier, a Las Vegas, NV mortgage broker. The President's proposal would establish a quick and hassle-free process for homeowners who are current on their mortgage payments and want to refinance-no more tax forms, and no more appraisals-just a lower interest rate, and lower payments each month. FREE MASTERCLASS -Limited seating (less than 200 spots) to learn how to become a better trader! REGISTER NOW!Ĭreating additional refinancing opportunities is included in the President's “To-Do List” for Congress, which involves a proposal to pass legislation that will cut red tape so hard working, responsible homeowners who are paying their mortgage can refinance at today's low interest rates.Īccording to WH.gov/Refi - President Obama's plan is simple: make it easier for millions of responsible homeowners to refinance, even if they are underwater, regardless of who owns their mortgage.
