Dallas Home Appraisals News and Information

February 18th, 2009 12:16 PM
The plan unveiled today offers incentives to mortgage lenders to rewrite loans for certain homeowners who qualify for loan modification.  If you are a homeowner who has not been able to refinance due to a drop in the value of your home this plan might help you.  CNN has posted some good information here regarding how the plan works and who is eligible.  The plan also includes measures to keep interest rates low, which will be good news for those who cannot necessarily benefit from other measures.  One bright note - if this plan can reduce the number of properties that actually go into foreclosure, we might finally be looking at the bottom of this long drop.  Mortgage lenders - how does the plan look to you?  Are the incentives enough to make rewriting these loans viable?  If you are a homeowner looking for help, please feel free to call us.  We can help put you together with a broker or lender that can help you maneuver through the requirements and hopefully help you refinance your loan!  We will be reading through the information in the coming days to see how we can help shed more light on this new program.  In the meantime, your comments please...

Posted by Jonathan Mayers on February 18th, 2009 12:16 PMPost a Comment (0)

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