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The Obama administration has vowed to help homeowners by bringing new refinance programs to American homeowners nationwide and has also vowed to bring new foreclosure prevention programs into action such as revamping the FHA Hope for Homeowners refinance program which allows homeowners to refinance into a stable 30 year fixed mortgage even if they are upside down in value. In addition to those measures FHA loans now have some of the most flexible terms and some of the lowest rates out of all available mortgage products. With an FHA refinance loan you can expect low rates and easy qualifications.

Congress passes FHA Modernization Bill!

The HOPE NOW Plan will help subprime borrower's who can afford the current, starter rate on their subprime mortgages, but not be able to make the higher payments once they adjust.

You would have had to finance your current mortgage from January 1, 2005 through July 30, 2007, and will cover loans that had been scheduled to rise to higher rates between January 1, 2008 and July 31, 2010.

The 3 ways that HOPE NOW members (Major Banks) have agreed on a set of new industry wide standers to provide relief to these borrowers are:

1. To Refinancing a existing loan into a new private mortgage.

2. To Refinance into a FHA Secure Loan.

3. To Freeze the current interest rate for five years.

Securing the American Dream for Homeowners Nationwide

FHARefinanceMortgages.com is structured to be THE definitive resource for FHA refinancing on the whole Internet. We are not sponsored by any bank or broker and our information comes directly from the FHA and HUD so that you can ensure sound advice that focuses on your needs not the needs of your mortgage broker or bank, our only concern is your wellbeing.

We are a community based website bringing FHA experts and homeowners together on a free neutral platform where you can feel free to ask any questions or just browse our current information on FHA mortgages.

Feel free to browse the site and feel free to ask questions whenever you need. Our goal is to help as many Americans as we can refinance their adjustable rate mortgages, get cash out, and even save your home from foreclosure. Everything on this site is completely free and we encourage you to visit our Forums where you can interact with our FHA specialists and ask questions for free.