President Obama's refinancing program, HARP (Home Affordable Refinance Program), is making changes.  For homeowners current on their loans, the program will allow them to take advantage of low mortgage rates.  The motive behind these changes are to stimulate the economy and steady the housing market.  Experts believe this will have only minor effects on the current market.  Some changes include allowing more homeowners to participate and no longer limiting participation to borrowers with loans no more than 25 percent greater than their home's value.  According to the administration, 1 million more homeowners may qualify.

 If you are considering refinancing your home, it is important to have experienced representation on your side to advise you on your financing options.  Contact Maryland mortgage refinancing lawyers at Chaifetz & Coyle, P.C. at 443-546-4608 today.