State of the Unions Speech! Refinance at all Time Low Rates! Gold Quest Group is Here For You!

Jan. 25, 2012 - PRLog -- In Obamas State of the Union address yesterday (1/24/2012), President Obama announced plans for a new refinance program that is reportedly going to be targeted to borrowers who are having trouble taking advantage of the government-backed refinance programs already in place.

President Barack Obama called on Congress during Tuesday’s State of the Union address to approve new legislation that would give all homeowners who are current on their mortgages the opportunity to refinance at record low mortgage rates, officials said Tuesday.

Administration officials declined on Tuesday to outline the mechanics or costs of the program, and they said those details would be spelled out in the legislation in the coming days. “Responsible homeowners shouldn’t have to sit and wait for the housing market to hit bottom to get some relief,” Mr. Obama said. ” No more red tape. No more runaround from the banks.” …

Unlike the existing program, which was unveiled in 2009, the latest proposal wouldn’t limit such opportunities to borrowers whose loans are already backed by mortgage giants Fannie Mae and Freddie Mac, which guarantee about half of all outstanding loans.

While details on the new program are forthcoming, there are several very useful refinance programs already in place.

Call Gold Quest Group at 713-621-6458 if you are in need to refinance your home!

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Gold Quest Group has enjoyed a long, successful history of originating FHA, VA, Fannie Mae, Freddie Mac, Ginnie Mae, USDA, SBA, Hard Money, Super Jumbo and Reverse Mortgage loans since 2001. We are an award-winning company with thousands of satisfied residential and commercial clients. We understand the difficulty of choosing the right mortgage company to work with; it's important to partner with someone that has a track record. We take pride on our integrity and knowledge to assist you in your real estate financial needs. Gold Quest Group is customer service-oriented, trustworthy and easy to contact!