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Equity Impaired Home Mortgage Refinance Options

October 12th, 2010 . by admin

Many homeowners have suffered great declines in the value of their homes over the past several years, making the home mortgage refinance road an adventurous path.  The worst scenario is for the homeowner that has lost all of the equity in their home and need a home mortgage refinance to save their property.  For many that qualify, there is an option, with a streamline home mortgage refinance as long as the homeowner’s loan is held by Fannie Mae or Freddie Mac.  In such an instance, the homeowner is eligible for a home mortgage refinance at the best offered interest rates with no PMI, if their current mortgage has no PMI.

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