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Effective URL: https://refinance.lowermybills.com/questions
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UPDATE: OCT 7, 2021


USE GOVERNMENT GSE'S MORTGAGE RELIEF PROGRAM!

If you owe less than $356,362 on your home, use the GSE's mortgage relief
program.




"GSE" Definition - Government Sponsored Enterprises or Entities that include The
Federal National Mortgage Association (FNMA or Fannie Mae), The Federal Home
Loan Mortgage Corporation (FHLMC or Freddie Mac) and The Federal Agricultural
Mortgage Corporation (Farmer Mac)
https://www.fhfaoig.gov/Content/Files/History%20of%20the%20Government%20Sponsored%20Enterprises.pdf


Freddie Mac and Fannie Mae have adopted a new refinance option for loans to
borrowers with incomes at or below 80% of area median income. If your mortgage
is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be able to
refinance your mortgage under this refinance option, subject to certain
qualifications. You can determine whether your mortgage is owned by either
Freddie Mac or Fannie Mae by checking the following websites:


Freddie Mac Loan Look-Up Tool (https://loanlookup.freddiemac.com/)




or


Fannie Mae Mortgage Loan Lookup (https://www.knowyouroptions.com/loanlookup)

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