While we are seeing an improvement in the real estate market and economy there are still homeowners who are underwater (owe more on their home than it is worth) and are looking for help in refinancing. Fannie Mae & Freddie Mac have announced that mortgage lenders will be able to offer up to $2,000 to home owners with little or no equity in their homes and are seeking to refinance their mortgage under the government’s Home Affordable Refinance Program.
The lender incentives may be offered to pay down mortgage balances, closing costs or other expenses usually required of borrowers who are refinancing using the HARP program. The change may encourage more underwater home
owners to refinance.
To date, nearly 1.8 million home owners have refinanced under the HARP program.
Find out what's happening in Avon-Avon Lakefor free with the latest updates from Patch.
If you are seeking help refinancing your home, contact me and I can provide guidance.
Find out what's happening in Avon-Avon Lakefor free with the latest updates from Patch.
Keller Williams, Great Cleveland West ~ Carol Murphy Team