105refi.com

You May Have A Better Way Out!

Are you the owner of a one- to four-unit home?

Yes No

Do you have a loan owned or guaranteed by Fannie Mae or Freddie Mac?
If you don’t know, click here.

Yes No

Are you current on your mortgage payments?
“Current” means that you haven’t been more than 30-days late on your mortgage payment in the last 12 months.

Yes No

Do you believe that the amount you owe on your first mortgage is about the same or less than the current value of your house?
You may be eligible if your first mortgage does not exceed 105% of the current market value of your home. For example, if your property is worth $200,000 but you owe $210,000 or less on your first mortgage, you may be eligible. The current value of your property will be determined after you apply to refinance. If unsure, click "Yes" for Question #4 and go to Refinance next steps.

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What is the Home Owner Affordable Refinance Program?

If you answered Yes to all 4 of the above questions, you may be eligible

The Obama Administration has introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis and get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize our housing market and help up to 7 to 9 million Americans reduce their monthly mortgage payments to more affordable levels.

The Home Affordable Refinance Program gives up to 4 to 5 million homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments. The Home Affordable Modification Program commits $75 billion to keep up to 3 to 4 million Americans in their homes by preventing avoidable foreclosures.

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