Fanny Mae and Freddy Mac just updated their underwriting guidelines. One of the more interesting changes is the refinance of a previously modified loan is now permitted as long as the borrower has a minimum of 24 consecutive months of on time payments since the date of modification.
If you or someone you know has done a loan modification and would like to refinance, please call Max Nasab at 206-719-2694 for complete information and answers to your questions.
Max Nasab
Mortgage Consultant
206-719-2694
NMLS ID# 112686
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