Are you looking to take advantage of lower interest rates but have lower credit scores or a higher DTI? Have you missed a mortgage payment and finding it hard to refinance your mortgage? Today, the FHFA (Federal House Finance Agency) announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by Fannie Mae and Freddie Mac to take advantage of historically low interest rates.
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Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
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