Can Homeowners with Under Water Mortgages Refinance? The short answer is YES!
Home Owners who owe more on their homes than the property is worth can refinance if the loan on their home is held by Fannie Mae or Freddie Mac.
To find out if your mortgage is held by Fannie Mae or Freddie Mac simply input your address into the following sites to find out.
Is My Mortgage Owned By Fannie Mae
Is My Mortgage Owned By Freddie Mac
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