The Home Affordable Refinance program can help those whose home values have dropped

If you are a Victorville CA homeowner and your real estate loan is more than your home is worth, the Home Affordable Refinance plan is helping home owners who are upside down restructure their real estate loan payments and ease their financial burdens.

The Home Affordable Refinance program was designed to help home owners lower their monthly payments while at the same time securing lower interest rate mortgages.

Some highlights of this program are:

• A borrower must be current on his payments in order to qualify for the refinance.
• The refinancing must be completed with a Fannie or Freddie approved lender.
• The new loan must come with mortgage insurance.
• Borrowers cannot take cash out.

If you are living in Victorville Ca and your home has dropped below what it was when you purchased it this could be the program for you.

Check out the Making Home Affordable web site for more information and to see if you qualify.

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