Listed here are several important factors to determine wheter or not homeowners can qualify for help. The official list of guidelines is set to be released soon to the public.

1. Government-assisted refinancing will need to have at least 18-20 percent equity in their home. And you have to consider if these are loans owned or insured by Fannie Mae and Freddie Mac.

2. Loaners also need to prove that they have sufficient income to repay their loans. This is where the ratio of debt to home value maybe a problem for some. Because those who are seriously deep in mortgage loans in relation to the value will probably disqualified for government assitance. Should I Refinance Home

Should I refinance now? Wait and see. I’ll do a follow-up and more detailed post on this subject soon.

Related posts:

1. Should I Refinance? – FHA Mortgage as an option

2. QA1: Should I Refinance?

3. Making Home Affordable – Eligibility (TARP Refinance)

4. Refinancing dangers according to Sen. Charles Schumer

5. Mortgage – Definition