Mortgage refinance may still be an option, and ShindelRock can help
If your house is worth less than you owe, refinance may have seemed impossible. However, several government programs out now allow you to refinance a home that’s “under water” if its mortgage is held by Fannie Mae or Freddie Mac. Not sure who holds your mortgage? Check www.fanniemae.com/loanlookup or www.freddiemac.com/corporate to see if your home is listed. If it is, and your rate is over 6% or is an adjustable rate, call your ShindelRock client manager and we’ll connect you to a mortgage specialist who works with our office.
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If your loan is owned by Freddie Mac or Fannie Mae, as most are, you may be able to refinance through
the Home Affordable Mortgage Program, or HAMP. This program was specifically designed to enable those
homeowners with no equity to refinance their mortgages to a more affordable interest rate.
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