1. How do I know if Fannie Mae or Freddie Mac has my mortgage?
Fannie Mae and Freddie Mac have “lookup” forms on their respective websites. Check Fannie Mae’s first because Fannie Mae’s market share is larger. If no match is found, then check Freddie Mac. Your loan must appear on one of these two sites to be eligible for HARP.
2. If my mortgage is held by Fannie Mae or Freddie Mac, does that mean I’m instantly eligible for the Home Affordable Refinance Program?
No. There is a series of criteria. Having your mortgage held by Fannie or Freddie is just a pre-qualifier.
3. Is “HARP” the same thing as the governments “Making Home Affordable” program?
Yes, the names HARP and Making Home Affordable are interchangeable.
4. My mortgage is held by Fannie/Freddie. Now what do I do?
Find a recent mortgage statement and write “Fannie Mae” or “Freddie Mac” on it — whichever group backs your home loan — so you don’t forget. Give that information to us when you apply for your HARP refinance.
Questions? Contact David Krushinsky Today!
