Do You Have a Federal Home Loan Mortgage Corporation (Freddie Mac) Loan Modification?
If your mortgage is owned by Freddie Mac and you have had a loan modification on that mortgage, you may be eligible for a new program Freddie Mac is offering starting in October 2017 that can get you a better payment plan.
This program will be available to people who are either current with their mortgage payments, or in default. Those who are eligible for this program may be able to get a 20% reduction in principal and interest payment.
How Can I Find Out If My Loan is Owned by Freddie Mac?
To find out whether your loan is owned by Freddie Mac, you can use their website’s Loan Lookup tool.
More information will be available about this new program in the coming months. Contact Ira Metrick to discuss your loan modification options.