New Program Spotlight
RefiNow™ is a new program from Fannie Mae that could help you save up to $3,000/year on your mortgage.
To qualify you must have:
· A Fannie Mae-backed mortgage for a primary home and 1-unit single-family residence that you live in. If your mortgage is backed by Freddie Mac, see the identical Refi Possible program for Freddie Mac-backed mortgages available August 30th.
· Current income at or below 80% of the Area Median Income for your area. (What’s this?)
· Not missed a mortgage payment in the past 6 months (or only one missed mortgage payment in the past 12 months).
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