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Please complete the following required information before continuing.
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NEW GOVERNMENT SPONSORED PROGRAM ALLOWS REFINANCING TO THOSE WHO PREVIOUSLY WERE UNABLE TO TAKE ADVANTAGE OF TODAY’S ULTRA-LOW MORTGAGE RATES Effective April 6th, 2009 Fannie Mae and Freddie Mac have instituted new programs designed to help millions of homeowners. The new “Making Home Affordable” program allows people with conventional loans who have had problems refinancing in the past the opportunity to lower their mortgage payment. Here’s how it works: - You need to be current on your mortgage payments (no late payments in the last 12 months)
- Your mortgage balance cannot exceed 105% of the current value of your home
- Your mortgage needs to be owned or guaranteed by Fannie Mae or Freddie Mac
Based on current market conditions, this might make sense for you if: - You have an adjustable rate, interest only, or balloon mortgage that you want to convert into a fixed rate; or,
- You have a fixed rate mortgage where the interest rate is greater than 6%. In fact, you should consider refinancing even if your rate is as low as 5.5%. Every situation is different and you should at least see if the program is right for you.
Finding out if you qualify is easy. Simply fill out the form here .
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Jeffrey Nunley, Certified Mortgage Planner Evergreen Pacific Mortgage, Inc.
911 Country Club Ste 350,
Eugene,
OR
97401
Direct: (541) 342-2535 Ext. 108
jeff@evergreenpacificmtg.com
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