Salvation on the refinance front
There are three programs you may be interested in.
- Your home loan needs to be held by either Fannie Mae or Freddie Mac.
- it should have already been closed and originated before May 31, 2009
- You haven’t utilized the HARP choice within the past.
- You’re “upside down” on your own house – meaning either the house has declined in value, your debt more on the house than it is worth, or perhaps you have quite small equity. Pokračování textu It might be better to get a home loan for the refinance compared to a purchase, even though you need a refinance if you have poor credit