Most of you have read that the government has approved a refinance program to assist those who need to refinance and are under water. The H4H program is where you get a FHA 30-year fixed loan at 90% of the current market value. So let's say your home is now selling for $200,000- you would refinance at a new loan of $180,000. So what is the catch- well your lender must agree to a short refinance loan and you have to agree to share future equity. If you want more information on this program visit www.HUD.gov .
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