Making Home Affordable Refinance Program & other Market Forces

Given recent government initiatives, the information below stands to benefit almost everyone. If you are or want to be a homeowner or real estate agent, or you know someone who is either, you could save quite a lot of money by reading this note carefully, and those you know could as well. Here's the important news:

• Our government's brand-new Making Home Affordable refinance program (which is designed to benefit people with good payment histories) begins late next week,
• We already have a fast, easy and hassle-free FHA refinance program available (with no minimum credit score, income/bank account verification or, in most cases, appraisal),
• Interest rates are near a 45-year low,
• The Housing Affordability Index is at an all time high, and
• A tax credit of up to $8,000 is available for eligible first-time home buyers!

To be eligible for the new Making Home Affordable refinance program:

1. An individual must the owner of a one- to four-unit home,
2. Fannie Mae or Freddie Mac must own or guarantee the loan (we can determine this),
3. The borrower must not have been more than 30-days late in making mortgage payments over the last 12 months, and
4. The amount owed on the first mortgage must be the same or less than the current value of the house. That's it! Hard to believe, huh--especially, for a change, since this program is designed to help all those hard-working individuals who've made their payments on time (when other alternatives might have been easier).

Indeed, now probably is probably the very best time in the last 45 years to buy or refinance a home, and this is true with regard to both new loans and refinances, and both conventional and various government programs alike. Because of how our economy got to where it is now, however, these "stimulus" initiatives will involve complex rules only EchoPoint/CSW and other top-echelon lenders will be capable of implementing for eligible borrowers.

EchoPoint Mortgage Company / CSW Home Loan
Phone: 214.559.0277
Email: info@cswhomeloan.com
Website: www.cswhomeloan.com
Blog: http://echopointmortgage.blogspot.com/