The Mesquite Nevada Real Estate Blog

Mesquite NV Refinance in a down market - if Freddie or Fannie has your loan

Mesquite NV Home Loans - Fannie Mae and Freddie Mac refinance program - if you are current on your loan payments, but cannot qualify to refinance because your home has lost value, you may qualify under the new refinance program:

Via Winston Westbrook Victorville Real Estate Broker/Notary:

This seems to be the question of the hour.

How do I find out if Freddie Mac or Fannie Mae has my loan??

To find out if either of these two giants have your loan you need to first call your lender or loan servicer (the one who sends you a mortgage statement every month) and ask them if one of the two have your loan. If they do not want to tell you because some might not or if you do not feel comfortable with the customer service reps answer then you can find out directly from Freddie Mac or Fannie Mae by clicking the direct links below or calling the toll free numbers:

Once you know who has your loan you can then see if you qualify for the new refinance program that begins today for homeowners throughout America that are current with their mortgage payments but have not been able to qualify for a refinance due to the loss of value in their home. 

Should you have any questions please feel free to contact me. I will be happy to answer any questions you may have. 

 

 

                                 Mesquite Nevada Real Estate Agent  ~ ~  ERA

Mesquite NV Real Estate Agent - Virginia HeppVirginia Hepp ~ Mesquite Realtor
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7 comments • Virginia Hepp - Mesquite NV MLS - Sun City Mesquite - 55+ Buyer Representative • March 07 2009 09:31PM

Comments

Virginia,

Thanks for the clarifiction and for the links. To tell you the truth, I did not know how to figure it out.

Posted by Jon Zolsky, Daytona Beach, FL. FunCoast Realty, 386-405-4408 about 3 years ago

Jon, oh good, it was news to me, too.  :)

Posted by Virginia Hepp - Mesquite NV MLS - Sun City Mesquite - 55+ Buyer Representative (ERA - Mesquite NV Homes For Sale) about 3 years ago

Virginia,

thanks for links I will pass this information on I was not sure where to start.

Posted by Vanessa V. Simmons~Realtor (Real Living HER) about 3 years ago

Thanks for publishing the info, Virginia.  Also, you can call your mortgage lender, too.

Posted by Wendy Rulnick "Its Wendy!" Destin FL Short Sales (Rulnick Realty, Inc.) about 3 years ago

Wendy - yes, but sometimes the phone hold time is terrible.

Posted by Virginia Hepp - Mesquite NV MLS - Sun City Mesquite - 55+ Buyer Representative (ERA - Mesquite NV Homes For Sale) about 3 years ago

I have a business idea for someone who has been laid off:  Call the Fannie or Freddie number and wait on hold for hours.  Make sure you charge by the hour  : )

 

 

Great post.  Nice to have this information.  I will share it with my clients

Posted by Nevin Williams about 3 years ago

Nevin - yes, and call from a land line, those cell phone minutes add up quick.  Hope refinance is a good option for your clients.

Posted by Virginia Hepp - Mesquite NV MLS - Sun City Mesquite - 55+ Buyer Representative (ERA - Mesquite NV Homes For Sale) about 3 years ago

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