I would like to refinance my mortgage in order to get a low fixed rate, I have talked to one loan brokers and Wells Fargo who owns my loan, because its not owned by Fannie Mae I can't do anything to change the terms as per Obama's plan. Is this true???? by michael398 from Hollywood, California. Jul 29th 2010
That isn't necessarily true. The program they're talking about is a special program for people who have little to no equity, sometimes even upside-down in their mortgage. Is your loan owned by Freddie Mac instead, maybe? They have a similar program. What kind of mortgage do you have now? And, do you know what your Loan to Value is, even roughly?
Hi Michael,Even if you have no equity there may be programs that will allow you to refinance. I would be more than happy to go over the details to let you know what your options are, contact me anytime at Matt@pierwestcapital.com or 888-PierWest(743-7937) X 701Best,Matt Davis
Freddie Mac offer a streamline refinance to lower your rate.Get your loan number and go to freddiemac.com and searchthe programDon Richards973 452 8814
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