Freddie Mac Open Access Refinance
Posted by Frugal on March 16th, 2010
Those whose mortgage are owned by Fannie Mae, there are not a lot of problems with Obama’s home affordability program, which allows refinancing of upto 125% LTV. However, those owned by Freddie Mac are much harder to refinance. Freddie Mac had an open access program started since last October, but the program will end on June 30. If you have not refinanced, I am working with a mortgage partner who can give you fairly competitive rates. You can email me your contact information, and I can help you refinance through Freddie Mac Open Access program. Condominiums are also okay (but with extra 0.75% fee charged by Freddie Mac). Most mortgage brokers won’t even touch Freddie Mac loans on condos. And please check with the above open access program guideline first, and make sure you meet the eligibility (no second loan, primary residence, etc.) And California loans only for now.
For purchase & refinancing through regular loan programs with 80% LTV, you can use the quotes from www.absolutemortgageco.com. I can promise to match or beat their quotes.
Frugal at 1stMillionAt33.com
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April 14th, 2010 at 11:51 pm
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