How to Use Government Programs to Help Reduce Your Mortgage Payment
by David Rouse
The government has programs designed to lower your mortgage payment.
Determine who owns your mortgage. The two largest mortgage investors are Fannie Mae and Freddie Mac. These two companies are government-sponsored corporations, and the majority of conventional loans conform to their guidelines. Fannie Mae and Freddie Mac, in compliance with the Making Home Affordable program created by the government, have created a simplified refinancing program for homeowners who have successfully made all of their payments in the last 12 months on time. Call your servicer, the company you make your payment to, and inquire about
which company owns your loan.
Trending in Your Area
Can I Pre-Qualify for a Mortgage Loan Over.
You can definitely pre-qualify for a mortgage loan.
Questions to Ask Prospective Mortgage Lenders
One question to ask prospective mortgage lenders is.
Mortgage Refinancing & Negative Appraisals
For purchases, negative appraisals can be an.
Why Is One Lender's Mortgage Rate Higher.
Different lenders have different rates for many.Source: homeguides.sfgate.com