It will be interesting to watch how the new bailout for mortgages works out. Devin and I will be looking to re-finance our house in a little over a year and this program may help us out. There are several other options available, getting a re-mortgage, changing lenders completely, or even just letting our interest rate reset and not worry about it. But with the housing market in our area flat lined, finding cheap mortgages could be difficult. While we should be able to get through without too much issue, having the option of freezing our interest rate for five years, will make it that much easier on us. I’m just glad we’re not in the same position a lot of people have found themselves in. Thankfully, there are at least some companies out there willing to help.

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