Home Affordable Refinance Program

Of the many loan programs available the most unique is what is called the Home affordable Refinance Program. This loan program is designed to make it easy to get a low fixed rate mortgage.

Home affordable Refinance Program are available for refinance of, primary residences or income properties as well as multifamily.

There are several advantages of a Home affordable Refinance Program but one of the biggest is the qualifying.  In many areas where real eastate values have declined such as California and the northeast, appraisals have been a problem for many homeowners. The Home affordable Refinance Program with appraisal releif allows loan to values up to 105% with no mortgage insurance required.

  More about this program:

  http://www.financialstability.gov/