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Housing Rescue Program Expands to Cover More Borrowers

Posted on July 3rd, 2009 sara No comments

Frustrated borrowers who have yet to benefit from the Obama administration housing rescue plan may be able to benefit from a new expansion to the program. The number of borrowers eligible for refinancing is being increased by the changes to the program.

Borrowers with mortgages worth 125% of their home’s value or less will now be eligible for refinancing under these new qualifications. Previously, mortgages worth 105% or less were only eligible. Read the rest of this entry »

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