This could be BIG.  Many homeowners today can't sell or refinance because the value fo their home is underwater.  This means they owe more than the home is worth.  This week, the new 75Billion dollar plan to allow people whose first mortgage doesn't exceed 105% of the value became available.  If you wan't a lower rate-before inflation kicks in due to our Trillion dollar spending-then find out more about this plan.  The Freddie Mac plan is called Freddie Mac Relief Refinance Mortgage and the Fannie Mae Product is called Fannie Mae DU Refi plus.  Already in existance is the FHA Streamline and the VA streamline.  With the FHA and VA loans, an appraisal may not be necessary.  Consider exploring your refinance options while rates are historically low.

I did a YouTube mortgage video about the plan:

I also went to Youtube to get a HARP video-more or less for fun-but to remind you of the anacronym of the Making Home Affordable Plan(it's sweet music to our ears)

Lastly, If you are thinking of buying or selling a home, there may be a payment protection plan available that you will want to explore.  I have access to this program.
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