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The Ins and Outs of Obama’s New Mortgage Refi Plan

On October 25, 2011 President Obama announced a plan to ease eligibility rules for home owners who want to refinance and take advantage of ultra-low mortgage rates to lower their mortgage payments. The administration hopes that by broadening its requirements for the Home Affordable Program that about 1 million home owners will now be able to qualify.

Following is an article that give more details about the newly announced changes to the program.   READ THE ARTICLE NOW

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