The
Making Home Affordable Refinance is designed for home owners who are under water on their mortgage and on time with their payments, but have been unable to take advantage of the low rates we currently have. The program allows for up to 125% financing and your mortgage must be owned by Fannie Mae or Freddie Mac.
Here are a few highlights of the
Making Home Affordable Refinance program:
- Up to 125% financing available based on 1st mortgage balance, unlimited "CLTV" (combined loan-to-value ratio to include any other mortgages
- If you don't currently have mortgage insurance, you won't on your new mortgage either
- Reduced documentation allowed in some cases
- Appraisal required
- Your loan must be currently owned by Fannie Mae or Freddie Mac
- You must be on time with your mortgage payments
To find out more about the
Making Home Affordable Refinance program and to get your questions answered, call us at 303-670-0137 for a no obligation consultation or click the appropriate button below: