In an effort to show the benefits of such a plan to those that need it most, Rate State has provided a guide to deciphering the President's plan.
(PRWEB) June 12, 2013
President Obama addressed those looking to buy or refinance their homes in his 2012 State Of the Union speech, presenting a plan to help those who are underwater refinance or downsize into a more affordable home. His address covered the millions of people trying to navigate the desperate straits the Great Recession left them in.
In an effort to show the benefits of such a plan to those that need it most, Rate State has provided a guide to figuring out the President’s plan. Those who need the relief the President’s plan provides can find out exactly what it takes to apply, the benefits, and how it will affect them personally.
First off, Rate State provides some of the benefits to those who will quality for the new plan. Those who stand to benefit most from this plan are those who are seeking refinancing, according to Rate State. The primary benefit is giving people the ability to rebuild their equity through mortgage refinance.
Rate State helps consumers compare today’s mortgage rates through their online comparison tool to ensure they are getting the best rate for their home mortgage or refinance before making their next purchase. They provide consumers with access to the information they need in order to make a decision potentially saving thousands of dollars over the term of their next home loan.