Freddie Mac Refi Possible℠ is a program offered by Freddie Mac, a government-sponsored enterprise that works to provide liquidity, stability, and affordability to the U.S. housing market. The program is designed to help homeowners who are struggling to make their mortgage payments and are at risk of foreclosure to refinance their existing mortgage loans.
To be eligible for the Freddie Mac Refi Possible℠ program, homeowners must meet certain criteria, such as having a mortgage that is owned or guaranteed by Freddie Mac, being current on their mortgage payments, and having a credit score of at least 620.
The program also requires that the new mortgage loan have a lower interest rate and lower monthly payments than the existing mortgage loan. This can be achieved through various refinancing options, such as a traditional refinance, a streamline refinance, or a modification of the existing loan.
If you are a homeowner who is struggling to make your mortgage payments, you may want to consider the Freddie Mac Refi Possible℠ program as an option for refinancing your existing mortgage loan.
Arigato Capital is a specialist in helping borrowers take advantage of this historic refinancing opportunity and will guide you through the entire loan process.
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