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30 sie 2021 · Refi Possible offers flexibilities to help borrowers take advantage of the current low interest rate market by refinancing their mortgages and lowering their monthly mortgage payments, which will help them achieve greater housing stability and build generational wealth.
With the new Freddie Mac Refi PossibleSM Mortgage offering, homeowners can benefit from refinancing to reduce their monthly mortgage payment and build long-term wealth. This offering creates more equitable opportunities by making it easier for homeowners in low-income brackets to refinance their Mortgages.
6 kwi 2022 · “Freddie Mac and Fannie Mae have adopted a new refinance option for loans to borrowers with incomes at or below 100% of area median income and you may be eligible to take advantage of this program.
16 cze 2021 · Refi Possible will make it easier for your eligible lower-income borrowers with Freddie Mac-owned mortgages who may think they have missed the opportunity to refinance and take advantage of lower interest rates.
30 sie 2021 · On August 30, 2021, we've made available Freddie Mac Refi Possible℠ to lenders to begin submitting loan applications using Loan Product Advisor or by manually underwriting. Read our quick steps on getting you started to engage with your eligible clients and successful submit Refi Possible loans.
Freddie Mac uses the Loan Prospector (LU) system and Fannie Mae the Desktop Underwriter (DU) system. Fannie Mae uses the tradename Refi Plus to process the loans under the HARP program, differentiating between the manual Refi Plus and the automated DU Refi Plus.
Learn about the Freddie Mac Refi Possible℠ Mortgage tool that offers refinancing options for borrowers with incomes at or below the area median.
