Real Estate

2 million homeowners may be eligible for new mortgage refi program

0


Lower-income homeowners could benefit from a new refinance program being launched by the U.S. government.

Eligible borrowers will be able to refinance their mortgage at a reduced interest rate and lower monthly payment starting this summer. This would save them an estimated $100 to $250 a month, according to the Federal Housing Finance Agency, which oversees mortgage-backers Fannie Mae and Freddie Mac.

“Last year saw a spike in refinances, but more than 2 million low-income families did not take advantage of the record low mortgage rates by refinancing,” Mark Calabria, the agency’s director, in a statement.

“This new refinance option is designed to help eligible borrowers who have not…



Source cnbc.com

Global electric vehicle numbers set to hit 145 million by 2030: IEA

Previous article

EBay stock drops more than 11% after company gives light earnings guidance

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Real Estate