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Does a property have to decline in value for a borrower to be eligible for the Relief Refinance Mortgage?

April 26, 2017borrower decline eligible mortgage Property Refinance relief value

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Does a property have to decline in value for a borrower to be eligible for the Relief Refinance Mortgage?

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No. The Relief Refinance Mortgage is intended to help borrowers who are current on their mortgage payments and have been unable to refinance because of declining property values, but it is not a requirement of the offering.