Will Obama’s latest mortgage refinance plan help you?. Will Obama’s mortgage refinance plan help you?. are backing the loans eligible for refinance under the Home Affordable Refinance.

In addition to offering the chance to refinance at low rates, the new Obama refinance program aims to streamline the mortgage process for qualifying borrowers. The goal is to make it easier and cheaper for borrowers and lenders to refinance.

Two big questions loom over the Obama administration’s latest bid to help troubled homeowners: Will it work? And who would benefit? By easing eligibility rules, the administration hopes 1 million more.

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For people who owe more than their homes are worth, refinancing a mortgage can be next to impossible. The Federal Housing Finance Agency.

Filed Under: HARP Tagged With: HARP refinance program, Obama refinance, obama refinance 2013, Obama refinance program, Obama refinancing program About Justin McHood Justin McHood is America’s Mortgage Commentator and has been providing mortgage commentary for over 10 years on many of the nation’s leading financial websites.

making home affordable, also known as the Obama Refinance Program, was initiated by the Obama Administration in early 2009. Its aim is to help homeowners avoid foreclosure through refinancing and loans modified to lower mortgage payments.

President Obama threw a lifeline to some underwater homeowners Monday in announcing his administration will revamp a program to refinance homes with. they should save several hundred dollars a.

President Obama Mortgage program is a refinance loan for underwater home loans. Through the government bailout, the administration has released the Home Affordability Refinance Program . This mortgage bail-out program allows home owners to lower their mortgage payments on their home loans to today’s low mortgage rates.

President Obama on Wednesday made his latest. the government pay the closing costs associated with refinancing – usually about $3,000. The number of borrowers who might be eligible for the program.

Many people call it the Obama Mortgage. The official program called making home affordable, and since early 2009, this program has offered hope for homeowners trying to avoid default and foreclosure on their home loans. The program was created to reach some nine million borrowers with a combination of refinancing options and loan modification.