Category: refinance
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Who Owns My Home Mortgage Loan?
Fannie Mae? Freddie Mac? Is my loan held privately or owned by my bank in their portfolio loan program? What about FHA? Most of the mortgage accounts funded prior to 2009 are going to be either FHA, Fannie Mae, or Freddie Mac backed / owned. Servicing lenders manage your account and may have an ownership…
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Streamline Refinances
Streamlined refinances are a powerful weapon for borrowers looking to lower mortgage payments. They can be used for underwater borrowers since no appraisal is needed when the borrower can pay closing costs out-of-pocket. The best programs out there are the FHA Streamline refinance, the USDA streamline refinance program and VA IRRL home loan refinance program.…