Zillow Advice: Refinance - Why we don't qualify? http://www.zillow.com/advice-thread/Why-we-don%27t-qualify/211758/ Zillow Advice | Zillow Real Estate After the April 4th weekend, ... http://www.zillow.com/advice-thread/Why-we-don%27t-qualify/211758/ After the April 4th weekend, you can refinance your mortgage undre the president's new initiative. Basically, you can do a rate/term refinance up to 105% of the value of the home. Best part is if you currently do not pay PMI, you will not have to pay PMI under the new mortgage. If you are paying PMI now, then you will have to pay PMI on the new mortgage. You must have a Fannie Mae or Freedie Mac loan in order to qualify. <br/><br/>To find out of you have a Fannie Mae loan, call 1-800-7FANNIE (8am to 8pm EST) or go online at <a href="http://www.fanniemae.com/homepath/homeaffordable.jhtml" rel="nofollow">http://www.fanniemae.com/homepath/homeaffordable.jhtml</a>. <br/><br/>To find out if you have a Freddie Mac loan, call 1-800-FREDDIE (8am to 8pm EST) or go online at <a href="https://ww3.freddiemac.com/corporate" rel="nofollow">https://ww3.freddiemac.com/corporate</a>. Wed, 18 Mar 2009 00:40:00 GMT http://www.zillow.com/advice-thread/Why-we-don%27t-qualify/211758/ 2009-03-18T00:40:00Z