Image by TheTruthAbout… via Flickr How about if you have a second mortgage…what should you do? Borrowers with both a first and second mortgage might still be able to qualify to refinance under the Making Home Affordable Program. The amount due on the first mortgage needs to be less than 105% of the value of the [...]Tags: making home affordable program, mortgage

[/caption] Getting the real estate housing market back on track is a big challenge today and part of President Obama’s strategy to make it happen is through the Making Home Affordable Program. Approximately 9 million families could be eligible to refinance or modify their current loan for a payment [...]Tags: fannie mae, freddie mac, making home affordable program, mortgage, mortgage-licensing, Real estate