With mortgage rates still at record-lows, refinancing continues to be a powerful tool to lighten the debt burden of most homeowners. Unfortunately, lower-income borrowers often hold back on striking a better deal and the housing industry may not recognize the extent to which refinancing improves the odds of sustainable homeownership for this customer group.
Source: Inman News
Helping low-income homeowners overcome barriers to refinancing
Published in APR, closing, debt, escrow, fha, financing, freddie mac, Helping low-income homeowners overcome barriers to refinancing, Home Possible, lender, loan, loan officer, low-income, Mortgage, my home, pmi, rates, real estate, refi, refinance, refinancing, relief, second mortgage, Sponsored and title
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