The New Obama Refinance Plan

The White House has made available details of its newest proposal to help underwater homeowners refinance their mortgages to lower interest rates. Will you be able to qualify?

Here’s a rundown on some of the major details of the plan, which President Obama first announced in his State of the Union message. One major sticking point: the program must still be approved by Congress before it can take effect, which is a big if.

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