Regulators Move to Make Refinancing a Reality for More Homeowners
Some homeowners have delayed refinancing their homes because of an "Adverse Market Fee" imposed by Fannie Mae and Freddie Mac at the end of 2020.
That fee, which drove up the cost and/or rate of a refinance, has now been removed and has the potential to save homeowners thousands of dollars.
Have you been on the fence about a refinance? Now may be the right time to move forward to get a lower rate or take cash from your home's equity to consolidate debt or move on other projects.
If you refinanced more than six months ago, recent increases in home values, continuing low rates, and the removal of the adverse market fee may mean you can save even more on your payment and/or access additional cash from your home’s equity.
For complete details, to discuss your scenario or to get the process started, please reach out at to us today by clicking here.