How to refi when not owned my Freddie or Fannie??

Credit and mortgage advice Forums Home Mortgage How to refi when not owned my Freddie or Fannie??

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    • #241954
      Anonymous
      Inactive

      The new HARP 2 program is great….if your mortgage is owned my Freddie Mac or Fannie Mae, but what about those of us whose mortgages aren’t owned by them?* My husband bought our home in 2004 with an ARM – I refinanced it under my own name in 2006 at a fxed rate of 8%!!* My credit was crap then and it was a miracle that I was able to get that loan.* The interest rate was* lower than the adjusted rate so we were happy…. then.* Fast foward 5 years and we want SOOOO badly to take advantage of these low interest rates.* We have good credit now and have always been current on our payments, but we are under water by about $25-$30k.
      *
      How can we refi?*



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