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Thu, Jun 14 2012 16:04:37
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WH Office Hours: WhyReFi?

Jim Parrott, Senior Advisor for Housing at the National Economic Council, answers your questions about the President's plan to allow homeowners to refinance.

  1. Whitehouse
    ·
    Thu, Jun 14 2012 12:06:17
  2. WHLive
    White House Live@WHLive
    Jim's here, ready to talk refi. Ask q's using #WHChat.
    Thu, Jun 14 2012 10:32:09
  3. Dayreamer
    Dayreamer@Dayreamer
    @WHLive @whitehouse #WHChat Anything to help those of us that do meet our loan commitments but stuck underwater?
    Thu, Jun 14 2012 09:27:34
  4. WHLive
    White House Live@WHLive
    .@Dayreamer This is designed for u/w borrowers like you- choice of lowering mon payments or getting above water. See wh.gov/yDp
    Thu, Jun 14 2012 10:41:36
  5. FineTrainsEbay
    Tim Phares@FineTrainsEbay
    This would fix the economy overnight. Great proposal but how would it ever get passed in Congress? #WHChat
    Thu, Jun 14 2012 08:30:15
  6. WHLive
    White House Live@WHLive
    .@FineTrainsEbay Def would help. But should have bipartisan appeal. Both D's and R's are paying high interest rates. #WHChat
    Thu, Jun 14 2012 10:36:29
  7. itsmycountrytoo
    Talat Hamdani@itsmycountrytoo
    @WHLive #WHChat Will the program cover appraisal cost also?
    Thu, Jun 14 2012 10:37:36
  8. WHLive
    White House Live@WHLive
    .@itsmycountrytoo yep. #WHChat
    Thu, Jun 14 2012 10:42:50
  9. BritishIsles3
    melinda stanley@BritishIsles3
    #WHChat hubby & I have perfect credit & pay mortg on time (& always overpay 2). Upsidedown $80K & no bank will touch us 2 refi. Ideas?
    Thu, Jun 14 2012 10:36:10
  10. WHLive
    White House Live@WHLive
    .@BritishIsles3 call yr bank & ask about HARP- it's been expanded. if still out of luck, our prop intended to expand again for folks like u.
    Thu, Jun 14 2012 10:48:13
  11. michaelagentile
    Michael A Gentile@michaelagentile
    #WHChat #WhiteHouse #WHLive why should my tax contribution pay for others risky behavior?
    Thu, Jun 14 2012 10:04:38
  12. WHLive
    White House Live@WHLive
    .@michaelagentile program doesn't cost taxpayer a dime & helps turn economy. if taxpayer is who you're worried about, should be fan. #WHChat
    Thu, Jun 14 2012 10:51:46
  13. RAStrong1963
    RichardStrong@RAStrong1963
    @WHLive #WHChat Treid to do this through BAC they denied the resuest saying I did not have a hardship. 40k underwater
    Thu, Jun 14 2012 10:42:40
  14. WHLive
    White House Live@WHLive
    .@RAStrong1963 don't need hardship for this (that's HAMP). ask about HARP. #WHChat
    Thu, Jun 14 2012 10:54:02
  15. cathyjoseph2001
    Cathy@cathyjoseph2001
    #WHChat Would you qualify for this if you ask your private lender for a modification? non federel or fha backed, and never late or missed
    Thu, Jun 14 2012 08:26:44
  16. WHLive
    White House Live@WHLive
    .@cathyjoseph2001 yep. part of plan is to extend refi option to u/w borrowers w/o usg mortgages, so folks like you not locked out. #WHChat
    Thu, Jun 14 2012 10:58:51
  17. strangis
    JenStrangisLundquist@strangis
    @whitehouse #WHChat Banks still have too many restrictions to re-fi! Harp2 isn't helping. Im a Realtor & it's still a huge problem!
    Wed, Jun 13 2012 13:34:26
  18. WHLive
    White House Live@WHLive
    .@strangis yes- is intended to fix harp 2, opening up to more competition so we see more homeowners getting help on better terms. #WHChat
    Thu, Jun 14 2012 11:02:51
  19. BK_Starkey
    Brian Starkey@BK_Starkey
    @whitehouse #WHChat How do you refinance without having to pay overbloated fees that have to be rolled in? #$6000torefiiscrazy
    Wed, Jun 13 2012 13:20:45
  20. WHLive
    White House Live@WHLive
    .@BK_Starkey plan opens up competition, which will be key to lowering fees, improving terms. #WHChat
    Thu, Jun 14 2012 11:10:13
  21. michaelagentile
    Michael A Gentile@michaelagentile
    @whitehouse #WHChat So keep them in the banks loan that they can't afford to pay and my grandchildren will be forced to cover it
    Thu, Jun 14 2012 10:33:36
  22. WHLive
    White House Live@WHLive
    .@michaelagentile plan for those who've been paying on time (so can afford) & doesn't cost taxpayer. so helps economy & your grandchildren.
    Thu, Jun 14 2012 11:07:19
  23. WHLive
    White House Live@WHLive
    Thanks for all the q's. For more info on this, see wh.gov/yDp and wh.gov/yB3 Take care. -Jim
    Thu, Jun 14 2012 11:12:19

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