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Mortgage Definition: FHA Short Refinance

Zillow Blog - Real Estate Analysis, Celebrity Real Estate, and Mortgages

Published 2010-08-18 06:08:25
This week, our resident mortgage expert, Justin McHood, enlightens us on an FHA program designed to help homeowners refinance mortgage loans in negative equity. It’s called the FHA Short Refinance. Core Logic and the Cato Institute say that 20-25 percent of home mortgages are upside-down in value. A spokesperson for the Cato Institute predicted on Fox [...]
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(Zillow Blog - Real Estate Analysis, Celebrity Real Estate, and Mortgages)

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