fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Fannie/Freddie Provide Details on New Refi Options

Thursday, May 6, 2021

Fannie Mae and Freddie Mac (the GSEs) have provided details for their streamlined refinance programs that were originally announced by the Federal Housing Finance Agency (FHFA) last month. The programs, named "RefiNow" by Fannie Mae and "Refi Possible" by Freddie Mac, will be available starting June 5 for Fannie Mae's borrowers but not until August 30 through Freddie Mac. The programs are designed to encourage eligible low-income borrowers to refinance and lower their interest rates and monthly mortgage payments. In its original announcement FHFA said it expected borrowers who refinanced through the initiative to save between $100 and $250 a month.

 

Read Full Article

Testimonial

"Charles was very confident in setting up our loan and saved us from having to move. He is great in helping to get a mortgage loan. We are pleased he helped us through our loan. If I had questions Charles was very helpful in answering them. Charles attended the closing, at the closing Charles and his lawyer informed us of the forms we were signing and any questions were answered then. Thank you for helping so much."
Coleen & Alva T.