The advantages we offer you for your refinancing needs include:
- Low rates
- Easy online application
- All types of mortgage programs
- Guidance and advice from an experienced loan professional
Ready to refinance your current mortgage? Call now to be pre-approved
for the loan you want.
If your mortgage is owned or guaranteed by Freddie Mac,
call me about a Freddie Mac Relief Refinance Mortgage!
The Freddie Mac Relief Refinance Mortgage is designed
to assist borrowers who are current on their mortgage payments
but who benefit from refinancing into mortgages with terms that
better position them for long-term homeownership.
Eligible borrowers can use Relief Refinance Mortgages to improve
their position for long term homeownership success by reducing
their current mortgage interest rate or shortening the
amortization term. Similarly, the Relief Refinance Mortgage
can be used to replace an adjustable rate mortgage, an Initial
InterestSM Mortgage or balloon/reset mortgage with a 15-, 20-
or 30-year fixed-rate mortgage.
The loan-to-value ratio on Relief Refinance Mortgages can be
as high as 105 percent of the property's value. There is no
maximum TLTV/HTLTV ratio, however Relief Refinance Mortgages
may not be used to pay off or reduce subordinate liens. Existing
liens must continue to be subordinate to the Relief Refinance
Mortgage insurance (MI) is not required if the existing mortgage
does not require MI. Otherwise, MI coverage on the new loan
must be the same as on the original mortgage.
Borrowers interested in learning more about the Freddie Mac
Relief Refinance Mortgage should contact me ASAP. Borrowers
should also contact their mortgage servicer to find out if Freddie
Mac owns or guarantees their mortgage.