Attention Linked In Members and Community Bloggers:
IF YOU OR ANYONE YOU KNOW OWNS A HOME AND DUE TO MINIMAL TO NO EQUITY CANNOT REFINANCE TO A LOWER RATE AND PAYMENT --- PLEASE READ!
Everyone who owns a house in California needs to examine their current mortgage program and determine if they qualify for an exciting new program that was just released as part of President Obama's Economic Stimulus Plan.
Homeowners can now refinance their homes to a 30 year fixed mortgage at a rate of 4.375% even if they have NO EQUITY to declining values. Even if their 1st mortgage is up to 5% higher than their homes current appraised value!
If your loan is owned by either Fannie Mae or Freddie Mac and your 1st mortgage is 105% or less of current appraised value, you may qualify.
Most people are averaging between $200 to $500 in payment reductions! And they now have the peace of mind knowing they have a predictable payment, that will never be at risk of adjusting upward.
If you want to learn more specifics about this program please call my Free Recorded Message that will provide additional details regarding the Obama refi program:
Free Recorded Message: 877-274-4511 Ext 3
Leave your name and phone number to receive a call back from me to determine if you qualify or contact me directly at 714-478-3153.
Tom Drasler
Licensed Mortgage Specialist
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