Freddie Mac Relief Refinance Mortgages - Open Access 

**You are not required to use your current servicer/mortgage company for this program. 

The Freddie Mac Relief Refinance Mortgage^SM - Open Access supports the federal Making Home Affordable Program by helping borrowers who are making timely mortgage payments but have been unable to refinance due to declining property values.

With flexibility that allows LTV ratios up to 125 percent, relief from standard mortgage insurance, and the ability to submit through Loan Prospector®, you can refinance more borrowers into mortgages that better position them for long-term homeownership success.

 **Program will be available on Monday Oct 19, 2009

• The mortgage being refinanced must be a first-lien
• Conventional mortgage currently owned or securitized by Freddie Mac.
• Have a Freddie Mac settlement date on or before May 31, 2009.
• Be seasoned for at least three months.

Proceeds of the Relief Refinance Mortgage - Open Access must be used only to:

• Pay off the first mortgage (amount includes the unpaid principal balance and accrued interest through the payoff date). The payoff amount can be rounded up to the nearest thousand.
• Pay the lesser of 4 percent of the current unpaid principal balance of the mortgage being refinanced or $5,000 in related closing costs, financing costs and prepaids/escrows.

Funds available as a result of the rounding must be:

• Applied as a principal curtailment to the refinance mortgage and/or
• Disbursed as cash to the borrower not to exceed $250.
• The proceeds may not be used to pay off or pay down any secondary financing.

All Tech Mortgage Inc. is your gateway to great mortgage products from Washington State's top mortgage lenders. Locally based in Tacoma, since 1996, we shop, compare rates & fees and connect you with the best mortgage lenders in the Northwest. The interest rates we quote are typically .25% - .50% lower than most national, regional & local mortgage companies like Bank of America, JP Mortgage Chase, USAA, BECU, Homestreet Bank and Wells Fargo. Plus our fees are some of the lowest in the industry. 

We Specialize in FHA, VA and Conventional No Cost and Low Closing Cost Purchase & Refinance Home Loans.  All Tech Mortgage offers true wholesale pricing from our lending partners.  At All Tech Mortgage, we never expect your business, but hope to earn it with our aggressive pricing, speed, and overall efficiency.

www.alltechmortgage.comor call (253) 472-1500 Kevin Tinsley Mortgage Advisor