Tag: RefiNow

Fannie Mae HomeReady® Income Limit Changes and Freddie Mac Home Possible® Income Limit Changes for 2021 – Dated May 19 & 27, 2021

Written by: Lloyd Rutherford, Staff Writer This is an important update if you market HomeReady®, HomePossible®, or are planning on marketing the two new programs Fannie Mae RefiNow® or Freddie Mac Refi Possible®.  The income limits have been adjusted, which may positively or negatively affect your client’s buying power.  Read this article to understand the […]

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Fannie Mae and Freddie Mac Announce New Refinance Program for Low-Income Families – Dated April 28, 2021 – NEW CHART – Fannie Mae RefiNow™ vs. Freddie Mac RefiPossible™ Comparison.

Written by: Sue Villanova, Staff Writer Article Intro Paragraph In this update, the FHFA (Federal Housing Finance Agency) announced that it is directing Fannie Mae and Freddie Mac to implement a new refinance option for low-income families. Eligible borrowers will benefit from a reduced interest rate and a lower monthly payment. Rule Synopsis: The FHFA […]

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