Refinancing Traps

shutterstock_112335221Refinancing Traps

Refinancing can be tricky, but a little preparation before starting the process goes a long way in avoiding mishaps along the way. Here are some common traps that many run into while refinancing their homes and ways you can avoid falling into the same traps.

 

The automatic payment trap

Did you know it can take up to two weeks to have automatic payments canceled? If your payments are made this way, be sure to turn it off before closing. You don’t want to pay for the same month twice!

The missed or late payment trap

Believe it or not, lots of people think they don’t have to keep making payments once they apply to refinance. Missing a payment could damage your credit and even preclude closing. Just be careful regarding your very last payment, as it should be made in time to assure it’s credited toward your payoff balance.

The tax escrow trap

The funds in any existing escrow account will typically be held until after the current loan is paid off. Since this money will not be available at closing, you need to be able to establish a new escrow account and/or pay any upcoming taxes from savings or the new loan proceeds.

The insufficient funds trap

The tax escrow trap can contribute to this, and so, too, can many other factors. For example, a low appraised value could limit your loan amount. As many loans are set up to cover all closing and escrow funds, it’s important to know that any necessary or unexpected adjustment could change the cash to close requirements accordingly.

 

We want you to be aware of these potential pitfalls before they have a chance to occur. Of course, we will work with you and on your behalf to prevent and avoid them.

 

Looking to start the refinance process? Find your local Inlanta loan officer here. Already going through the refinancing process? Reach out to your Inlanta representative whenever you have questions, and we’ll be happy to help.

 

Inlanta Mortgage, Inc. NMLS #1016.

 

Myths About Refinancing

Refi-Myths-Debunked

Mortgage Rates Drop – Many Question Refinancing

Last week, Freddie Mac posted the results of its Primary Mortgage Market Survey® announcing that mortgage rates have dipped to their lowest point since June of 2013. That begs the question, “Should I refinance?”

There is a lot of false information about refinancing floating around out there. Here are a few refinancing myths debunked that will hopefully encourage you to call your licensed Inlanta Mortgage loan officer. Inlanta loan officers are trained to assess your situation and give you straight up advice about your home financing situation. Find a loan officer near you using our branch locator for a free loan review to determine your potential savings and benefits.

Refinancing Myths Debunked

  1. “I’ve read that the rate needs to be 1% or 2% lower than my current one.” – When average loan amounts were much lower, it took a much bigger drop in rates to achieve tangible savings. Today, even small rate differences can make a big impact. The best way to determine value is to simply divide your costs by your savings. This provides a “break-even” period, and if you know you’ll be using your loan past this point, the rest is pure benefit.
  2. “I haven’t yet reached the break-even point from my last refi.” – That may be okay. Refinancing again will require additional investment, but it could get you to an overall break-even point—and greater savings—more quickly.
  3. “I don’t want to add years back to my loan.” – One of the benefits of the current rate market, is it can provide the opportunity to lower the term of your loan, paying your house off sooner and with less interest cost. If lowering your term is not your preference, keep in mind the new loan term created when you refinance is only on paper. You determine the actual length of the loan by how much you pay. If lowering your interest rate saves you $100 per month, add that money to your new payment. You will reduce your balance more quickly and reach free and clear ownership faster than you would by keeping your current loan.
  4. “It’s too expensive. I’d rather save my money.” – Refinancing is all about saving money! The historically low interest rates that make refinancing such a good deal right now also make “saving” your money in the bank a lousy one. Banks are paying just fractions of a percent to hold your cash, but investing in a refinance could save you hundreds of dollars per month for a far greater yield on your cash.

Refinancing can have other benefits, too. A lower rate may mean not only a smaller payment but more paid toward principal each month, too. You may be able to free up cash for renovating your home, financing a college education, purchasing a vacation home or investing in property without adding to your monthly expenditures.

Find a licensed Inlanta Mortgage loan officer near you using our branch locator to help you decide if refinancing now makes sense for you.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Last year, Inlanta Mortgage celebrated its 20th Anniversary. Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin NMLS #1016. Inlanta Mortgage was recently named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta was named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.

What is HARP?

What is HARP?

What is HARP?

If you’re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees will apply.

HARP Eligibility

You may be eligible for HARP if you meet all of the following criteria:

  • The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
  • The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
  • The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
  • The current loan-to-value (LTV) ratio must be greater than 80%.
  • The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.

Refinance with HARP

  • Determine whether your mortgage is owned or guaranteed by Fannie Mae or Freddie Mac by using their respective Loan Lookup Tools.
  • Use our branch locator to contact a licensed Inlanta Mortgage loan officer near you.

About Inlanta Mortgage – Celebrating 20 Years

Celebrating its 20th Anniversary, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012 and Fastest Growing Milwaukee-Area Firms.

Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: www.freddiemac.com/mymortgage or http://www.fanniemae.com/loanlookup/.

HARP Mortgage Refinancing

HARP - Refinace Program

HARP Program Extended

Last week, the FHFA directed Freddie Mac and Fannie Mae to extend the HARP program for another two years. The program was set to expire for all mortgage applications received on or after December 31, 2013. The new cutoff date will be for applications with received dates by December 31, 2015.

What is HARP?

If you’re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees will apply.

HARP Eligibility

You may be eligible for HARP if you meet all of the following criteria:

  • The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
  • The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
  • The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
  • The current loan-to-value (LTV) ratio must be greater than 80%.
  • The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.

Refinance with HARP

  • Determine whether your mortgage is owned or guaranteed by Fannie Mae or Freddie Mac by visiting their respective Loan Lookup Tools.
  • Use our branch locator to contact a licensed Inlanta Mortgage loan officer near you. Inlanta is approved by Fannie Mae or Freddie Mac.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Required HARP Disclosures – Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes.If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP.”You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: www.freddiemac.com/mymortgage/ or http://www.fanniemae.com/loanlookup/.  

 

Mortgage Rates Mixed – Still Near Lows

Mortgage Rates

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages rose slightly for the week ending December 20, 2012. The average 30-year fixed rate mortgage rose to 3.37 percent – from last week’s average of 3.32 percent. Last year at this time the 30-year FRM averaged 3.91 percent.

 

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages fell slightly to 2.65 percent from last week when the average was 2.66 percent. Last year at this time, the 15-year FRM averaged 3.21 percent.

 

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) rose slightly to 2.70 percent – from last week when it averaged 2.69 percent. A year ago, the 5-year ARM averaged 2.86 percent.

 

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM fell slightly to 2.52 percent from 2.53 last week. Last year at this time, the 1-year ARM averaged 2.77 percent.

 

Contact a licensed mortgage loan professional to take advantage of these record low mortgage rates. Find a loan officer near you.

 

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

“Mortgage rates were mixed this week following data reports on stable inflation and a thriving home construction market. The 12-month growth in the core consumer price index has remained between 1.9 and 2.1 percent for the past five consecutive months ending in November. Meanwhile, housing starts averaged the strongest three months in November since September 2008, and homebuilder confidence rose in December to its highest reading since April 2008.”

Original Source: Freddie Mac Interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Mortgage Rates Ease Slightly

Mortgage Rates Hold Steady

Mortgage rates ease slightly – keeping home affordability low.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages eased for the week ending December 13, 2012. The average 30-year fixed rate mortgage fell slightly to 3.32 percent – from last week’s average of 3.34 percent. Last year at this time the 30-year FRM averaged 4.94 percent.

 

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages fell slightly to 2.66 percent from last week when the average was 2.67 percent. Last year at this time, the 15-year FRM averaged 3.21 percent.

 

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) rose slightly to 2.70 percent – from last week when it averaged 2.69 percent. A year ago, the 5-year ARM averaged 2.86 percent.

 

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM fell slightly to 2.53 percent from 2.55 last week. Last year at this time, the 1-year ARM averaged 2.78 percent.

 

Contact a licensed mortgage loan professional to take advantage of these record low mortgage rates. Find a loan officer near you.

 

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

“Mortgage rates held relatively steady following the November employment report. Although 146,000 jobs were created, above the market consensus forecast of 85,000, revisions subtracted 49,000 workers over the September and October period. The unemployment rate fell from 7.9 to 7.7 percent. However, in its December 12 monetary policy statement, the Federal Reserve (Fed) noted that this rate remains elevated and modified the statement to tie any increases to its target rate to the unemployment rate falling below 6.5 percent. The latest Fed central-tendency forecast is for unemployment to be between 7.4 and 7.7 percent in the fourth quarter of 2013 and between 6.8 and 7.3 percent by late 2014.”

 

Original Source: Freddie Mac Interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Mortgage Applications Skyrocket

Mortgage Applications Skyrocket!

Purchase applications increased by 13 percent and refinance applications jumped by 19 percent!

According to a survey released yesterday by the Mortgage Bankers Association – applications for mortgages in the U.S. jumped 18 percent last week. This is the highest level since May of 2009. Of the applications, purchase applications increased 13 percent from the previous week and refinance applications increased by 19 percent. Refinance applications comprise 79 percent of the total mortgage market.

“Mortgage application volume increased sharply last week. The increase was accentuated due to the comparison to the week including Memorial Day, but the level of refinance and total market activity is the highest since the spring of 2009,” said Michael Fratantoni, MBA’s vice president of research and economics.  “Refinance volume increased as borrowers were able to lock in at mortgage rates below 4 percent, and purchase application volume was its highest level in over six months.”

Inlanta Mortgage offers a variety of mortgage loan financing options for both purchase and refinance. Click here more details on FHA, USDA, VA and conventional loan programs or to learn more about your refinancing options.

For more information on average weekly mortgage rates according to Freddie Mac’s Primary Mortgae Market Survey (PMMS) – click here. Last week according to Freddie Mac’s PMMS the 30-year fixed-rate mortgage averaged 3.67 percent – the lowest level of all time.. Take advantage of these rock bottom rates and contact a licensed mortgage loan professional near you and apply today!

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

HARP – Help for Underwater Homeowners

Underwater? We Can Help

Harp 2.0 is a federal government program designed to help millions of underwater or near-underwater homeowners refinance into a fixed loan with a lower monthly payment. There are some key eligibility requirements to this program that need to be reviewed as this program hits full stride on March 17, 2012:

• Only loans owned or guaranteed by Fannie Mae and Freddie Mac are eligible. Underwater borrowers who have FHA, VA or other types of mortgages are not. Both companies’ websites —http://www.fanniemae.com and http://www.freddiemac.com — offer “look up” features that tell you whether they own your loan.

• Your mortgage must have been purchased or securitized by either agency no later than May 31, 2009, and must have an LTV ratio in excess of 80%.

• You must be current on your loan with no 30-day late payments during the six months preceding application and no more than one late payment during the last 12 months.

It must be noted that not all mortgage lenders are participating in this program.

Inlanta Mortgage COO, Jean Badciong stated that, “Inlanta Mortgage is proud to offer the HARP 2.0 program. This program is aimed at helping homeowners who have persevered through the economic downturn – yet still fell victim to plummeting home values and were not able to take advantage of historically low rates before now.”

By month’s end, most mortgage lenders are expected to “have their HARP 2.0 operations fully up and running,” said HUD Secretary Secretary Shaun Donovan in a February 28th Senate Committee on Banking Housing and Urban Affairs. Inlanta Mortgage is definitely among this group.

If you are interested in finding out if the HARP 2.0 program is right for you, please contact a licensed mortgage loan officer near you for more information.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.

 

Are We There Yet? Mortgage Rates and Other Good News

Mortgage Loan Rates – Record Lows!

According to Freddie Mac, the average rate for a 30-year fixed loan decreased to 3.89 percent from 3.91 percent, in the week ending today. This mortgage rate is the lowest in records dating to back 1971. The average 15-year rate dropped to 3.16 percent from 3.23 percent.

There has been no better time to refinance or purchase a home. Click here to find a licensed mortgage loan officer near you. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Click here for more information on Inlanta Mortgage loan programs.

The Good News Doesn’t End with Record Low Mortgage Rates

According to Commerce Department figures released Dec. 23rd, new-home sales jumped to a seven-month high in November. According to a Fannie Mae forecast, new home sales will improve in 2012.  Who’s Fannie Mae?

Sales of existing homes rose in November to a ten-month high, according to the National Association of Realtors. According Fannie Mae’s Douglas Duncan and Orawin Velz, sales of new and existing homes are expected to increase by 3.5% and housing starts are projected to rise by 16 percent – giving our economy a long overdue (though modest) boost.

Home-loan applications climbed 4.5 percent as of January 6th, according to a Mortgage Bankers Association index. The Mortgage Bankers Associations’ measure of purchases rose 8.1 percent from a three-month low, while its refinancing index increased 3.3 percent.

And finally…more good news….The U.S. unemployment rate unexpectedly fell to 8.5 percent in December. This is the lowest reported unemployment rate since February 2009, according to the Labor Department.

Is consumer confidence on the rise? Is the U.S. headed for a recovery? Let’s stay optimistic as we head into the weekend – and hope that these recent tidbits of good news are an indicator of things to come!

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.

Inlanta Mortgage is not acting on behalf of or at the direction of Fannie Mae, Freddie Mac, the National Association of Realtors, or Mortgage Bankers Association.

 

 

 

 

HARP 2.0 Questions & Answers

Underwater Homes

In a previous blog post, we discussed the White House’s recently announced revisions to the Home Affordable Refinance Program – also known as HARP. To further clarify HARP we have compiled a list of frequently asked questions and answers about this program.

Q: What is HARP?

A: HARP stands for the Home Affordable Refinance Program.  HARP was rolled out in 2009 to help borrowers who were current on their mortgage payments, had loans backed by Freddie Mac and Fannie Mae, and wanted to refinance but didn’t have enough equity in their homes to do so because the value of the home had declined.

The HARP program is designed to help qualifying homeowners refinance into a new mortgage at current (lower) interest rates.  A HARP loan is a new loan, not a modification of your current loan.

Q: What is HARP 2.0?

A: Several changes have been made to the program to help more homeowners qualify for the refinance opportunity and help lenders manage the refinance process more efficiently. The program is intended for homeowners who are “underwater” – meaning their LTV (Loan-To-Value) is more than 100%.  That means the amount of your current mortgage is MORE than the value of your home, and you may be eligible to explore refinancing your home under HARP.

Example:  You owe $130,000 on your mortgage (this is your Loan Amount) Yet the value of your home is $100,000 (this is the current value of your home) Your LTV is $130% (you owe $30,000 more than your home is currently worth).

Q: How do I know if my loan qualifies for the HARP program?

A: There are some basic guidelines to qualifying for HARP:

• You must have originated your loan before May 31, 2009
• Your loan must be owned or guaranteed by Fannie Mae or Freddie Mac
• You must be current on your mortgage payments, and have not made a payment more than 30 days late during the past year
• You must demonstrate the ability to continue making payments on the loan (demonstrate that you have a job or other consistent source of income)
• You must owe more on your mortgage than your home is worth (see LTV definition above)
• A refinance must help the affordability or stability of the loan (this means the refinance must make the loan either more affordable, or make the payments more consistent over time

Q: If I have already refinanced under HARP, can I refinance under the program again to take advantage of even lower interest rates?

A: Unfortunately, no.  Once you have refinanced your home under HARP, you will not have another chance to refinance under the program.

Q: How much will it cost to refinance under HARP?

A:
While the costs to refinance have changed under the new HARP guidelines, each borrower is different and you will need to contact an Inlanta Mortgage loan officer to get specific information about your situation. To request a no obligation free consultation with a licensed Inlanta Mortgage loan officer click here.

Q: What kind of loan can I refinance into?
A: You must be prepared to refinance into a 30-year fixed rate loan.

Q: When can I apply for refinancing under the HARP program?
A: Final information and details are expected to be announced in mid-November and some servicers expect to begin accepting applications under the new HARP program in early December.  You should check with your Inlanta Mortgage loan officer in November to find out more specifics.  The deadline to apply for HARP has been extended through 2013

Q: Are second homes eligible for HARP?
A: No. The HARP program is only available for your primary residence.

Q: What if I have a second mortgage on my home?
A: Borrowers with a second mortgage (example:  A Home Equity Loan or a balance on their Home Equity Line of Credit) may be able to participate in HARP, your Inlanta Mortgage loan officer should be able to help you determine if your second mortgage owner will agree to “re-subordinate” that loan before you can refinance the first mortgage.

Q: How do I know if Fannie Mae or Freddie Mac own or guarantee my loan?
A: You can use the links below to help determine if Freddie or Fannie own or guarantee your loan.
http://www.fanniemae.com/loanlookup/
http://www.freddiemac.com/mymortgage/

Q: Who can help me with a HARP Loan?
A: Please contact us for more Information about refinancing with a HARP loan.

Although program details have yet to be announced, Inlanta Mortgage loan officers are anxiously awaiting forthcoming announcements that will help them better serve you.

Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: www.freddiemac.com/mymortgage or http://www.fanniemae.com/loanlookup/.

To find an Inlanta Mortgage loan officer near you, click here.