FHA Secure Refinancing Option Has been canceled.....However, The Making Home Affordable may be just the answer for you
The FHASecure 2007 program was adopted by the Bush Administration and is no longer a viable avenue for homeowners looking to refinance. Please read below to see if you may qualify for the Making Home Affordable Refinance Program.
Read more about President Obama's making Home Affordable Refinance Program...
Making Home Affordable Refinance Program is an OK refinancing option that can give creditworthy homeowners, who were making timely mortgage payments before their loans reset, a second change with an FHA insured loan product. This program is for borrowers who are current on their loan.
To Qualify for the Home Affordable Refinance Program, homeowners wishing to refinance must meet the following requirements
Must own 1 to 4 housing units.
Your loan must be owned or guaranteed by Freddie Mac or Fannie Mae.
Have a history of on-time mortgage payments. To date you must be current.
You think your current loan is equal to or about the same as the value of your home.
If you have all of these requirements you may be eligible for Home Affordable Refinance! Your next step is to gather all of your current loan information. Such as your most recent monthly mortgage statement, recent pay stubs or proof of other income, current tax return, second mortgage or home equity loan statement (if applicable) credit card information, any other information about other loans such as car or student loans.
Now....Call today for a free pre-approval and let's get you out of your adjustable rate mortgage!
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Oklahoma Mortgage Loans Bank of Commerce 620 E Hwy 152 Mustang, OK 73064
