A Freddie Mac mortgage allows borrowers to refinance their mortgage even if the mortgage isn’t currently being serviced by the lender. This particular program allows borrowers who have been making their payments on time to refinance their mortgage. Even though the borrower might have been unable to do so previously because of declining property values, they have a chance to do it with a Freddie Mac mortgage.
By refinancing the property with a Freddie Mac mortgage, the borrower will reap the benefits in multiple ways. One of the biggest benefits to refinancing a mortgage is the chance to secure a lower interest rate. Not only will the reduction help to save you money in the end, but it will also save you money every month on your mortgage payment. Refinancing can help to improve your financial position as a borrower. It also provides you with a better opportunity for long-term success as a homeowner.
Many homeowners are bogged down with the strict insurance requirements imposed by their lender. By refinancing the mortgage, you will get the relief needed from these requirements. You won’t have to worry about being forced into a specific type of insurance by your lending company. Being able to choose from a wider assortment of insurance providers will open up the door to cheaper options for protecting your mortgage.
Regardless of what your LTV is on your home, you can rest assured that our team of professionals at Centex Capital will work hard for you in getting you the refinancing that you need. Our goal is to get you in a better position financially for your home. Instead of trying to figure it all out on your own, we have someone who will get to work on refinancing your property, while explaining the process to you in the meantime. Take control of your mortgage today with Centex Capital.
Contact us for more information. Contact us at (800)842-2910.