Comments on: Refinance Freddie Mac Loan with a Different Lender http://www.truthinforeclosure.com/refinance-freddie-mac-loan-with-a-different-lender Sun, 22 Aug 2010 22:39:10 +0000 http://wordpress.org/?v= hourly 1 By: Todd http://www.truthinforeclosure.com/refinance-freddie-mac-loan-with-a-different-lender#comment-692 Todd Sun, 14 Jun 2009 18:22:41 +0000 http://www.truthinforeclosure.com/?p=1489#comment-692 Beatriz is right...principle reductions are few and far between. Which makes sense from the lender's point of view. If you're current on your loan and don't have a hardship, it will be impossible to get one. There are some lenders out there that MAY do a short refinance. Or, if you have a hardship and don't qualify for the President's plans, you may be able to qualify for the new HOPE for Homeowners program...but no one knows which lenders are participating in the new program yet. I wrote an article on it last week...look for HOPE for Homeowners. I also did a call with Brent Lane about short refinances...you can <a href="http://www.truthinforeclosure.com/calls" rel="nofollow">check it out here</a>. Best wishes, Todd Beatriz is right…principle reductions are few and far between. Which makes sense from the lender’s point of view. If you’re current on your loan and don’t have a hardship, it will be impossible to get one. There are some lenders out there that MAY do a short refinance. Or, if you have a hardship and don’t qualify for the President’s plans, you may be able to qualify for the new HOPE for Homeowners program…but no one knows which lenders are participating in the new program yet.

I wrote an article on it last week…look for HOPE for Homeowners. I also did a call with Brent Lane about short refinances…you can check it out here.

Best wishes,
Todd

]]> By: Beatriz Costa http://www.truthinforeclosure.com/refinance-freddie-mac-loan-with-a-different-lender#comment-679 Beatriz Costa Fri, 12 Jun 2009 16:39:52 +0000 http://www.truthinforeclosure.com/?p=1489#comment-679 Pattye, I am a loan officer in Las Vegas, NV have not heard of many lenders doing a principal reduction. If you think you have some equity you might try to do the refinancing on the President's plan, up to 90% of the current value, IF your lender participates. Pattye, I am a loan officer in Las Vegas, NV have not heard of many lenders doing a principal reduction. If you think you have some equity you might try to do the refinancing on the President’s plan, up to 90% of the current value, IF your lender participates.

]]> By: Pattye http://www.truthinforeclosure.com/refinance-freddie-mac-loan-with-a-different-lender#comment-678 Pattye Fri, 12 Jun 2009 15:40:58 +0000 http://www.truthinforeclosure.com/?p=1489#comment-678 How hard is it to get a principle reduction while being current. How hard is it to get a principle reduction while being current.

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