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Obama's Refinance Plan For Upside Down Homeowners Announced.

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Uploaded on Feb 3, 2012

http://www.rmilending.com This past week President Obama held his state of the union address and proposed a refinance plan that could help homeowners save $3000 a year on their mortgage by being able to refinance their upside down home regardless if their mortgage is owned by Fannie Mae and Freddie Mac and eligible for the HARP 2.0 program, and I feel it's my duty to interpret that plan for you. Well just hold those applause because he didn't actually share the details of this refinance program other than saying that a small fee will be placed on the banks to pay for the plan.

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