On today’s video we’re going to be talking about President Obama’s Making Home Affordable Refinance program. We’ll explain how this refinance program could offer you an opportunity to reduce your interest rate even if your home value has decreased and you normally wouldn’t qualify.
There’s never been an easier time to make an extra $8,000. The governement is giving it away and the only catch, you have to buy a house this year to get it! (Watch our video to learn more about the new tax credit.) Honestly people, even without the $8,000 icing on the cake, it doesn’t get much better than this. Interest rates are historically low, property values are way down and there is still great financing options available for first time homebuyers.
Let’s talk about a few of them…
If your buying a home in the country, let’s just say outside of major metro areas, there is the USDA Rural Housing program just waiting to lend you 100% financing. Low fixed interest rates, low closing cost and no PMI! (Watch our video on PMI if you scratching your head right now). There are income restrictions but if you qualify this program is awesome.