Freddie Mac Relief Refinance Mortgage – Same Servicer

Refinancing a home can be very helpful in lowering one’s monthly mortgage payment. However, when a home’s value depreciates, the owner would have difficulty in finding a program in which they could refinance. In a Relief Refinance Mortgage – Same Servicer, the existing mortgage servicer (aka – your mortgage company) would assist you in refinancing your home and making it more affordable in the long run.

A benefit to this kind of refinance is that you will be working with the same mortgage company that you currently make your payments to. As long as you have made regular, on-time payments, and have passed the minimum requirements, you should be able to qualify for this mortgage program.

To further understand Relief Refinance Mortgage – Same Servicer, here is a simple question and answer list for a much clearer view of the program:

• No need to worry if your home has declined in value, the relief refinance mortgages – same servicer provides simple appraisal requirements as well as borrower’s eligibility conditions.
• You need to have no late payments within the last year to be accepted in this kind of loan.
• This loan will also relieve you of any mortgage insurance requirements.
• The Relief Refinance Mortgage – Same Servicer is applicable for a 1 to 4 unit primary residence, investment property, or  a 1 unit second home.

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