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Open Question: Can you expound the new law signed by the president on mortgage paymen


This is a discussion on Open Question: Can you expound the new law signed by the president on mortgage paymen within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; I'm a homeowner for almost 9 years now, and my monthly mortgage keeps on rising, hence I was compelled to ...


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Old 07-25-2008, 04:17 PM
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Default Open Question: Can you expound the new law signed by the president on mortgage paymen

I'm a homeowner for almost 9 years now, and my monthly mortgage keeps on rising, hence I was compelled to keep on refinancing so I can payoff the current loans, then look for a lower interest, until I got trapped into the 1 percent loan scheme..now I could hardly pay on time as my monthly mortgage is rising..worst, I received notice from my lender that in 8 months, my new mortgage is double my current monthly payment. Anyone can help me find the new government law recently signed by the president designed to assist borrowers like me?


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