House Affordability and Stability Plan Facts:
Problems:
- Americans who make their payments cannot refinance
- 6 million Americans could face potential foreclosure, due to hours cut or job loss.
- Neighborhood home values are struggling due to forced selling which causes their house value to plummet.
Housing Stability Facts - Main Points
- No Aid for speculators
- Access to Low-Cost Refinancing for Responsible Homeowners Suffering From Falling Home Prices
- Plan allows Up to 4 to 5 Million Responsible Homeowners to Refinance:
- Reduces monthly payments
- Interest rate reduction bringing monthly payment down to 31% of income
- Even if you have negative equity ( underwater loans ) you can refinance your loan
Will this plan work? Comment below! See a full fact sheet of this plan Right Here
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