How Will Obama’s Mortgage Rescue Plan Affect You?

Monday, 9 March 2009, 18:23 | Category : Bad Credit Loan Tips, Foreclosure Prevention Tips, Mortgage News
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Housing industry researchers say the U.S. Treasury Department’s $75 billion “Making Home Affordable” plan likely will help a host of borrowers wounded by rising unemployment rates, high levels of credit card debt and diminished property values nationally.

 

John Berlau on Obama’s Mortgage Rescue Plan

 

Homeowners who aren’t behind on house payments, but who have suffered financial hardship also stand to benefit. So could people who are in default and need more affordable mortgages. Even some people who own vacation or investment homes could benefit by refinancing at low interest rates.

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