October 26th, 2009 8:35 AM by Eric Fang
If your loan owned by Freddie Mac, you can refinance yourloan up to 125% Loan to Value Ratio with any lenders whosupports Freddie Mac Relief Refinance Open Access program.
1)You don't have to do it with your current lender.2)LTV is up to 125%.3)No limits for CLTV(with 2nd loan is also ok).4)No delinquencies in the past 12 months.5)Loan programs can be 5/1ARM, 7/1ARM, 10/1ARM, 15yr,20yr and 30 yr fixed.6)It's ok to refi even if your current loan has Mortgageinsurance
Talk to your Mortgage Broker if you need refi with this program.