Home Financing Made Easy for Some

President Barak Obama is pushing a new home refinancing plan, but it’s still waiting for Congressional approval. This chance to refinance though won’t be available to people who are not current on their mortgage payments and those that are very close to foreclosures. “It won’t help those who bought multiple homes just to speculate and make a quick buck,” he said. The Jacksonville local movers found out that this plan is to help homeowners who are underwater on their mortgages a chance to refinance their loans to today’s lower rates without going through a lot of red tape. This new plan would be open to loans that aren’t backed by Fannie Mae, Freddie Mac or the Federal Housing Administration. Only owners of single-family homes would be eligible for this plan, and the homeowners have to be residing in that home. Participants in this new program will have to have a credit score of at least 580 and with a loan between $271,050 and $729,750. According to MSN, this new home refinancing plan will cost between $5 and $10 billion.

If you’re not eligible for this refinancing plan and will have to evict your home due to a foreclosure, you can count on the local Jacksonville movers for professional moving services. The Jacksonville moving specialists will quilt pad wrap your fragile furniture and help you assemble your household items in your new place. So for a stress-free moving day, call the All My Sons of Jacksonville moving team.