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Refinancing Your Home

Under the "Making Home Affordable Program", now homeowners may be eligilble to refinance with their homevalue being less than what is owed in mortgage balance.

Contact a loan officer for more information on eligibility and guidelines.

The Home Affordable Refinance program will be available to 4 to 5 million homeowners who have a solid payment history on an existing mortgage owned by Fannie Mae or Freddie Mac. Normally, these borrowers would be unable to refinance because their homes have lost value, pushing their current loan-to-value ratios above 80%. Under the Home Affordable Refinance program, many of them will now be eligible to refinance their loan to take advantage of today's lower mortgage rates or to refinance .

Posted Tuesday Mar 10