Fannie and Freddie two goverment holders of Mortgages are helping consumers get a lower rate on thier Mortgage. See if your home is Fannie or Freddie by clicking on the link Fannie Freddie, the new program is called Refi Plus.

REFI PLUS This is a brand new government loan. This loan makes it possible for almost everyone to be able to refinance their current mortgage with Fannie Mae. The loan has to be run thru the mortgage software system and Fannie will tell us thru the system if an appraisal is needed and if income is needed. In some cases we will need one or the other and in some other cases we may not need any income or an appraisal. We are allowed to do up to 105% loan to value and if there is a second mortgage they can subordinate (meaning not pay it off and leave the terms the same and the position of 2^nd the same.

WE are in hope that this will help the industry and hopefully slow down the amount of people walking away from their homes. Here is a link to Efannie’s web site if you want more information on this new product REFI PLUS

To check if your property is Eligable or if someone you knows property is Eligable Click here FannieMae and if it doesn't show in FannieMae check Freddie's site.

To summit an application click Application