Tag: freddie-funded
Second homes, investment properties could get Fannie, Freddie …
Because of local property devaluation, your house is now worth roughly the amount of your loan balance, making it impossible to refinance into today’s rates in the low 5% range. … Equally important for some highly leveraged homeowners, the companies are setting no limits on the amounts of existing second mortgages or home equity line balances, as long as the secondary loan creditors agree to resubordinate their liens behind the new Fannie- or Freddie-funded mortgage .
Posted: March 17th, 2010 under Home Loan, Home Refinance Loan, Home Refinance Loan Rate, Mortgage Loan.
Tags: amounts, behind-the-new, companies, creditors-agree, equity-line, existing-second, freddie-funded, house, liens, local-property, secondary, the-amounts, the-companies, the-secondary, their-liens
Comments: none