Homeowners interested in refinancing their loans under the Financial Stability Plan received some additional guidance this past week. The program is designed to help homeowners whose loans are owned by Fannie Mae or Freddie Mac, and are current on their payments, and where the loan amount is no more than 105% of the appraised value of the home.

Financial Stability for Homeowners provides guidance on how to determine if a particular loan is owned or guaranteed by Fannie or Freddie and whether the homeowner may qualify under this program. Additional details of the program are expected over coming months, but this great news for homeowners, “under water.”

Posted on Tuesday, March 10th, 2009 at 12:16 pm and is filed under Homeowner. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.