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Few may actually qualify for low-income refi program

Housing Market Crash image

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The great refi boom in 2020 wasn’t exactly equitable. Wealthier borrowers with stable jobs and high credit scores were fortunate enough to lock in a forever rate, typically lowering their monthly mortgage payments by hundreds of dollars. But the lower-income borrowers? They were more likely to be mired in some form of forbearance plan than be given the opportunity to modify their mortgage with a rate below details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com