President Obama's Refinance Initiative FINALLY available!

[tneliton]

Wow, not true at all tiitytat. The automated underwriting system will give you the option to use this program at any level or loan to value. I have used this program for several clients this week where their loan ranged anywhere from 60-95% of the value of their home, simply for the ease of limited documentation and not needing an appraisal in many cases.

[tiitytat]

This Fed program is a lie! You can only refi if your home loan is valued at 105%. This is BS! This program is only made to make people like Rahm Emanuel (Freddie Mac) more money. A bunch of BS, Hussein Obama is an idiot and is destroying the USA! However, if you are on welfare, they will buy your home for you.

[brvandal]

tiitytat, you obviously have an anti democratic agenda. People who are in this situation are both parties and are suffering. You're just a complete jerk off with sand in his or her vagina.

[tneliton]

Thanks for the compliment. Unfortunately there is no plan in place to even consolidate the second loans, the only options available currently is to submit a subordination agreement to your second loan servicer and hope that they agree to go back in second lien positon behind the new first loan. If you are showing a considerable savings then the second lien holder or loan company logically would be at less risk of you not being able to make your payment in the future so they should allow it.

[AchMelody]

great informative video. I am glad I watched it. I am getting ready to do a refinace under the Making Home Affordable plan.  I do have a 2nd but I was looking to refi the 1st. If I have a 2nd and I am interested in refi-ing both together, should I wait for May 2nd?

[beatory1]

If you're current lender is Wells and the loan is belongs to Freddie, you could have 4,875% with no charge of the loan fee.