Is Refinancing Right For You?
Depending on your situation, refinancing may lower your
interest rate. You may be able to secure a lower
interest rate because of changes in the market
conditions or because your credit score has improved.
Before you refinance consider talking with a HUD approved
counselor or licensed real estate professional to determine if refinancing is right for you.
Obama's Making Home Affordable Program
Through President Obama's Making Home Affordable program, Washington families may be eligible to refinance or modify their loans to a payment that is affordable
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Refinancing
Through Making Home Affordable
If you are a homeowner who is current on your mortgage payments but unable to refinance your loan that is owned or guaranteed by Fannie Mae or Freddie Mac to a lower interest rate because your home value has decreased, you may be able to refinance.
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Loan Modification Through Making Home Affordable
If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.
Resources
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