Help, I can't ReFinance

Today, I came across an article in the Wall Street Journal by Ruth Simon, she indicated that several of the Nation's largest banks have begun to offer money from Obama's recent stimulus package. The housing-relief package has allowed many banks to offer refinancing options for those that have not been able to refi under the current banking regulations.

Many banks have begun to accept applications for these new refi loans. The article also included the recent information from Bank of America indicating that BOA is not (yet) accepting application with mortgage insurance. This is mainly because no one seems to be sure if the insurance companies are able to transfer the insurance from one loan to another.

Thank You,

Marc White
828-406-2134
Marc@CedarFallsRealty.com