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i have a conventional loan on my home, the morgage company(BB&T) told me it was a freddie mack loan,

do i qualify for any type of refinanceing ? i've been forced into early retierment like so many have. refinancing would change a large financial berdon into one that would be more afordable for me to handle. by mrskri_739_954 from Park Forest, Illinois. Jan 30th 2013 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

Yes. I would act quickly to see what options you have and to determine if a refinance would save you money each month, which will help in cutting expenses while your income is being reduced from early retirement. I'd be happy to help you directly to get this file moving forward as quickly as possible. We are a Nationwide Direct Lender! Thank you!

Jan 30th 2013
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

HARP 2.0 allows borrowers to refinance even if they are underwater.. There's also a reverse mortgage which could eliminate payments all together.. But you have to have equity for that program.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jan 30th 2013
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Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions

It depends on what sort of income you now have since you mention early retirement. As long as your current income (either via social security and/or pension) supports your mortgage payment, you should be fine. I am an Illinois licensed lender in Schaumburg. Please feel free to contact me if you would like to discuss your options. 1st Advantage Mortgage : barb.lanis@1amllc.com 630-660-8868

Jan 30th 2013
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Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 239 contributions

Based on the info you've provided, it sounds like you'd qualfiy for some type of refi. The specific loan program would depend on income and loan to value. Call me to discuss.563-324-9937

Jan 30th 2013
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Ken Burrows (mortgagesforamerica)
#19 ranked lender in Nevada - 572 contributions

Yes you should qualify for the HARP 2.0 loan. We specialize in HARP 2.0 loans. Take a look at our website to look through the basic qualifications to see if you qualify. www.MortgagesforAmerica.org. If they check out, please get into touch with me, we should be able to help you. We are a non-profit mortgage company which enables us to keep our rates and fees low.Ken BurrowsMortgages for AmericaP: 888-320-7888Ken@MortgagesforAmerica.orgwww.MortgagesforAmerica.org

Jan 30th 2013
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Linda Emmerich (Madisonarealender)
#25 ranked lender in Wisconsin - 5 contributions

Hello, I am with a local community bank here in Wisconsin. We lend in most states and can help you with your Freddie Mac loan. It would not take much time for us to run your loan scenario through to find out if you qualify. If you are interested in speaking with me, please call me directly at (608) 298-1704.

Jan 30th 2013
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Georgia - 807 contributions

if you qualify with your new income situation, credit etc... Please contact a local mortgage broker from our panel to assist you, as the can shop several lenders that might have guideline to fit your scenario...

Jan 30th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

You are able to refinance as long as you fit into one of the many refinancing programs available. To know for sure we would need more information, like how much you owe, when you took out your current loan and your credit scores, just to name a few. Call us or email us at 201-962-3555 or Team@BestMortgageOption.com if you have any questions.Ask for Michelle or Benny You can check us out at www.BestMortgageOption.com

Jan 30th 2013
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Barclay Butler (Barclay)
#83 ranked lender in Illinois - 76 contributions

You can do a HARP loan we do not care about value. Barclay Butler, Please call me. 224-420-9990.

Jan 30th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

The fact that Freddie owns your loan will help to the extent that you need a HARP loan due to potentially reduced equity in your home. If you can qualify based on your income there should not be a problem gettin a laon for you.

Jan 30th 2013
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