Where to find the best mortgage refinancing

Housing, Mortgages

It's time to review your refinancing options, thank you Obama.

obama smokingIf you've been reading the news lately, you've heard of Obama's smoking hot mortagage refinancing initiatives.

No Extensive Underwriting Requirements

Even if you have less than perfect credit, you will still qualify.

Here are some key points of Obama's mortgage rules:

No appraisals
No extensive underwriter requirements
Mortgage must be current
Fannie Mae and Freddie Mac will waive fees

No Appraisals

No matter how far underwater you are on your current mortgage, you will still qualify for a refinance.

Mortgage Must Be Current

One missed payment within the past six months makes you ineligible. Even if your lender told you to stop making payments, you are still ineligible.

Fannie Mae and Freddie Mac Will Wave Fees

Your loan must be owned by Freddie or Fannie in order to qualify at all under this plan. The loan has to have been sold to Fannie or Freddie before June, 2009. Find out if your loan is owned by Freddie Mac or Fannie Mae prior to signing up for this new plan. Fannie and Freddie will waive some of the fees associated with closing to reduce the cost of refinancing.

To look for the best mortagage refinancing, check our site sponsors or bankrate.com.

more money for the ones to pay off when the loved one dies with the debt. No inheritance for families. yesh. make the elderly pay it twice over then the family left bhind too.  too. waht did you want obama. to dell our land out cheap to the likes of the ones you like and hold to/ Your homages lie to others countries. not our, your cigartee is smoking hot alright. like in my eyes. I hate the smell fo cigars of the tar stenched aroma that leaves yellow bellyied streaks slithering down the walls. You sold us out to other nations for your vacatins, your populairty.

Dont tell me that it is an incentive or stimulous for whose pockte savings in the end. everyones eleses silk shirts. NO WE be paid for. why refinance something already paid for. are you serious?