Question: I don't qualify for the home refinance program because our loan isn't owned by freddie mae/mac.?

(Posted by: CJC on 2010-03-02 09:58:28)

What options do I have since our value of our house has decreased? What banks do you trust to refinace with?

Posted by: John T on 2010-03-02, 10:02:13

You may not qualify for the relief program and thats OK but what about a normal refinance? If your score is over 620 you have a chance... if your score is over 680 then this should be a no brainer and if you live in the SouthEast you need to contact me and I may be able to assist you further.

Posted by: golferwhoworks on 2010-03-02, 10:08:10

Only your current lender can do this for you. Sorry but the Fannie/ Freddie deal is for those who have their laons and can do it at 125% of the value. I am a mortgage banker in TN