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Washington, Feb 2 (IANS/EFE) President Barack Obama Wednesday presented a plan to revitalize the US real estate market that would allow millions of homeowners to refinance their mortgages and take advantage of the current historically low interest rates.
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The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.
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President calls on Congress to pass plan that would make it easier for Americans to refinance, create "Homeowners Bill of Rights"
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President Obama on Wednesday urged Congress to make it easier for homeowners to refinance their mortgages at lower interest rates even if they owe more than the value of their home.
Filed under: Mortgage Refinancing News | No Comments »
The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.
Filed under: Mortgage Refinancing News | No Comments »
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