Fannie Mae Refi Plus…Can it help you?
Thank you for visiting my website. As you may have seen on the Channel 7 News Story Thursday evening, Fannie Mae and Freddie Mac have recently announced new mortgage refinance options for homeowners who up till now, may not have been able to take advantage of today’s low interest rate environment.
WHO SHOULD LOOK INTO THIS
The ideal client is a homeowner who purchased their home in recent years with 20% down or more, and is in a mortgage with a rate in the upper 5’s or 6% plus range, or your in an Adjustable Rate Mortgage. The reason this new loan program is unique is because until now, you may not have been able to refi your loan due to the loss in your 20% or more in equity, and you would of had to then pay outrageously high private mortgage insurance, which would make the low rate no longer worth it. Now you can refinance your mortgage to today’s low rates as long as your loan balance does not exceed 105% of today’s appraised value and NOT have to pay the private mortgage insurance!
AM I ELIGIBLE
In order to see if you may be eligible you need to see if your loan is owned by Fannie mae or Freddie mac. To check on that go to both website and see.
www.fanniemae.com and www.freddiemac.com
Or go to www.makinghomeaffordable.gov for even more details…..Also, if you find out your loan is not showing as owned by Fannie or Freddie you may want to go to www.usps.com (United States Postal Service) just to make sure your inputting it in the Formal Legal Way
I’M ELEGIBLE, NOW WHAT?
Now email me with your Name and contact info, along with if your loan is Fannie or Freddie, what your loan balance is and your current interest rate is. I will then follow up with you on how much money we can potentially save you!
Sincerely,
Jeff Marsack, Metro Detroit Mortgage Expert Great Lakes Mortgage Funding Direct 586-421-1639 jeff@glmf.com
