dudelove10@sbcglobal.net asked:
Is there a home refinancing program for countrywide home loans underwritten by fanny mae or freddie mac?
EUGENE
Is there a home refinancing program for countrywide home loans underwritten by fanny mae or freddie mac?
EUGENE
FABIAN
When applying for a home loan your credit report will be reviewed and you may be required to provide a number of other details, including: Employment and income records, Tax Returns for the last few years List of assets, List of liabilities and what you owe, Your budget showing monthly living expenses so that you can demonstrate an ability to pay.
With this information you and your lender will be able to determine the kind of home loan and size of the right mortgage for you. In some cases, you can obtain a pre-approval or pre-qualified certificate, which shows how much you can borrow so that you can then shop for homes in an appropriate price range.
Comment by Chloe — August 10, 2009 @ 2:51 am
KEITH
Yes. It does not lower the mortgage balance but it lowers the interest rate and payments. Countrywide is just now receiving the guidelines from the government. The waiting list is long. But they will refinance you this year. The current program is for people who live in the house and are current on their mortgage..
Comment by Ed Atun — August 13, 2009 @ 12:27 am