Fannie Mae launches Loan Lookup Tool for Loan Modification or Refinancing Options, Making Home Affordable

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Real Estate Agent with RE/MAX Executives VA0225060364, MD638478

There is a new tool that will allow homeowners to find out whether or not they are eligible to participate in the "Making Home Affordable" programs for loan modification and refinancing.

This program is part of the $75 Billion "lifeline" that President Obama has pledged to struggling homewoners.

Homeowners can either qualify for refinancing or loan modification.

Refinancing is for those who are current on their mortgages, but who are struggling to make their monthly payments.

Loan modification is for those who are falling behind on their payments either because of loss of income or a higher interest rate.

www.MakingHomeAffordable.gov will provide the necessary information to determine whether you qualify.

These programs are only available to those loans that are owned by Fannie Mae and Freddie Mac.

Natrually, the question becomes- how do you know who owns your loan?

Well, you could call your servicer and they will tell you, or to find out if Fannie Mae owns your loan, you can go to  http://loanlookup.fanniemae.com/loanlookup/, and enter your address. You must confirm you are the owner of the property or have their consent.

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Cathy Valdiviez Baumbusch, REALTOR. Licensed in VA, MD, and DC. 

Red Dress Realty at RE/MAX Executives

DIRECT: 202-630-2MOV 

8442 Old Keene Mill Rd., Springfield, VA, 22152

2704 Richmond Highway, Alexandria, VA 22301

Cathy has lived in the DC Metro area since 1996. She currently lives in West Springfield, VA. Licensed since 2001 and serves clients in Virginia, Maryland and the District of Columbia.

Cathy's service area includes Fairfax County, Alexandria, Arlington, Falls Church in Virginia and Prince George's, and Montgomery County in Maryland., and of course. 

Cathy has an excellent track record getting short sales approved and closed. Cathy can also facilitate buying and selling real estate anywhere in the world. 

Cathy is a VHDA Certified Trainer and she has taught classes on buying short sales, HUD homes, and foreclosures and social media marketing classes through Fairfax County Public Schools Adult and Continuing Education Program. 

Cathy is a retired Army Reserve Major and an accomplished singer with a rock band. She resides in Springfield, VA with her dog and cat.

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