Thursday, July 2, 2009
Help for Fannie Mae Borrowers
If you are having problems keeping up with your payments because of some of the adverse things that life can visit upon you, there may be some additional ways to cope. If your mortgage is an Fannie Mae loan, there are two programs that may be of interest to you. Both are designed to help make your payments more affordable, and, in some cases, can be used for up to 125% of value of the home. In other words, if your home is worth, say, $100,000, and you fit into the program, you could refinance up to $125,000, if necessary. For more information, check out the web site: www.efanniemae.com and click on Home Affordable Refinance Program. You may be glad you did! Good luck!
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