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Lender rating
Since April 2009
I am actually in a similar situation. I purchased a foreclosed condo with a fixed 30 year rate in St. Paul MN. it is a freddie mac loan, the servicer is MetLife home loans. In my case, the home is my primary residence.
I called Metlife to get details about the Making Home affordable programs, but as of last week (4/23) they were not able to help, promgrams are opening in May? Is anyone else issues in the Twin Cities with Freddie Mac refinancing?
Lender rating
Since August 2009
The "obama plan" or Making Home Affordable plan is for Owner Occupied, Second home, and Investment properties. If your new loan is going to be within 105% of the property value you can streamline refinance using this program.
Sorry for the conflicting opinions but the response before me is wrong 100%
Lender rating
Since August 2009
The Obama plan to help homeowners refinance is for a Primary Residence only. You have to live in the property to qualify.
Lender rating
Since January 2009
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Looking to refinance a a US Bank serviced Freddie Mac loan but having trouble.
Sasarai
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I purchased a townhome in Minnesota as a primary residence with a loan amount of 173k. Zillow shows recent sold homes as 160k-180k.
I have relocated to California and wish to refinance but am having the hardest time with finding someone who can help me with refinancing. It seems many lenders don't know about the Obama loan or have wrong information regarding this.
US Bank for example tells me that they can not refinance this because I no longer live in MN.
Can anyone please help me with this?
Thank you.
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