Page 3 - You Refinance News Today : Breaking News, Live Updates & Top Stories | Vimarsana

homeowners to refinance high-interest mortgages at these rock-bottom interest rates. who qualifies? homeowners who have mortgages backed by fannie mae and freddie mac. you must be current on your payments. and you'll now be able to refinance no matter how much you are under water on that home. this lifts a previous limit of 125% loan-to-home value ratio. the program also aims to streamline the refinancing process, please, and reduce and eliminate fees. i'm joined now by lynnette cox, bob molten and rick newman is the chief business correspondent for "u.s. news & world report." the wh...

Accurate it's incredibly misleading. many people think they can walk away from their mortgages and it may be true. so the first piece of advice if you want to walk away from your mortgages, get some legal advice from your specific state. 12 of the 50 states have non-recourse lending, which means you can walk away. you can walk away and hand your keys and the only thing the lender can do is foreclose. however, there are lots of kaf "s for that. in many of those states, it's only purchase money. if you refinance, you could be out of luck. what about home line of credit, it doesn't cover that. in...