Sunday, April 5, 2009

"Making Home Affordable" ; Getting the Best Mortgage

The Los Angeles Times ran two excellent articles on mortgages following yesterday's New York Times article on shopping for mortgages.

This first is a summary of the government’s “Making Home Affordable” refinancing plan, which allows homeowners to refinance up to 105% of the value of the house if they’ve been current on their payments.

The second presents an overview of how to obtain the best mortgage in the current challenging climate when FICO scores, low debtload and documentable income matter.