Obama's Home Refinance Expansion

Good news for homeowners struggling to stay on top of hefty mortgage payments. President Barack Obama has announced plans to improve the American economy by offering further relief to homeowners through expansion of HARP (Home Affordable Relief Program). Homeowners who qualify will be able take advantage of low mortgage rates, which may save owners who qualify around $3,000 per year.

Ultimately this program will not help everyone. It's designed for homeowners who hold private mortgages, but have still maintained their credit. Read more about Obama's Refinance program in a recent article published on Forbes.com.

If you're a homeonwer in the East Lansing or greater Lansing area of Michigan, and would like to learn more, please contact my trusted lender at Providence Mortgage. For all of your other real estate questions please visit my website.