Last week the Bush Administration negotiated a voluntary agreement with lenders to freeze the rates on certain subprime home mortgage loans. The Wall Street Journal has an interactive graph which helps you navigate the rules to determine if you qualify for the rate freeze (hat tip: Rhonda Porter).
Also, if you qualify for the program I’ve laid out five things you must do to take advantage of this new reality.
Welcome to the Arizona Mortgage Guru blog, a great resource for all your home financing needs. If you're new here and like the content, you can subscribe to my RSS feed to get regular updates on all things related to mortgages. Thanks for visiting.
Bush Freezes Subprime Mortgage Interest Rates
A Plan to Freeze Subprime Mortgage Interest Rates
Is Your Subprime Mortgage Interest Rate Frozen? Here Are Five Things You Must Do NOW!
Related posts brought to you by Yet Another Related Posts Plugin.
on Dec 25th, 2007 at 12:06 pm
While the WSJ graph is helpful we created an even simplier wizard to help you figure outwhat mortgage rescue program you qualify for by just answering a few simple questions about your mortgage. It also checks for qualifying factors for the HOPE NOW, FHASecure and other programs.