RefiPossible™ has arrived! It’s time to start offering more options and bringing in more clients. The newest refinance option from Freddie Mac aims to helps borrowers with incomes at or below 80% of area median income (AMI).
Your low-income clients now have the opportunity to reduce their monthly mortgage expenses through refinance — allowing them to save more and build on their generational wealth.
Not sure if your borrower’s mortgage is owned by either Freddie Mac or Fannie Mae?
Here are a couple of resources you can use to check:
Freddie Mac - https://loanlookup.freddiemac.com/
Fannie Mae - https://www.knowyouroptions.com/loanlookup