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President Obama's Financial Stability Plan as it relates to you...
If you have a Fannie Mae or Freddie Mac loan there may be refinance or loan modification opportunities available to you.
Both Fannie Mae and Freddie Mac have established toll-free telephone numbers and web submission processes to make this data available.
Borrowers will provide or enter information to determine if either agency owns the loan.
This information is not a guarantee of eligibility for the refinance program, as other qualifying criteria must also be met.
If Fannie Mae holds your loan - contact a lender of your choice.
If Freddie Mac holds your loan - contact your current lender only.
For more information on the Freddie Mac "Making Home Affordable":
http://www.makinghomeaffordable.gov/
For anyone who now has a FHA loan...
FHA STREAMLINE REFINANCE
Since the market has declined, most homes will not appraise high enough to obtain a refinance to take advantage of the current low rates.
Purpose: Lower your interest rate to the current FHA rate (which will lower your monthly loan payment)
Advantages: No Appraisal No Income Qualification
Contact me ASAP to take advantage of this AMAZING opportunity.
Elizabeth Fox Financial Consultant
Hometown Lending, a Division of TMBG, Inc. Everett, WA 98208
Mobile: 425-512-1100 Fax : 425-274-7074
Email: efox411@gmail.com
WA License #510-LO-38658
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