Sumary of New Refi Program Helps Lower-Income Borrowers Lower Their Monthly Payment:
- A new mortgage refinance program from Fannie Mae is designed to help lower-income borrowers refinance their home loan and improve housing affordability..
- That might be because of the cost to refinance or possibly because a refinance application is too much trouble..
- The RefiNow™ program is a special refinance mortgage loan program that helps eligible borrowers get a lower rate on their mortgage and save money every month..
- Your loan can’t already be a high LTV refinance loan, DU Refi Plus® loan, or Refi Plus® loan Your mortgage must be secured by a single-unit home (no multiple units) and it must be your principal residence….