![]() Start here (Oct 1st, 2021)įreddie Mac’s Enhanced Relief Refinance program was created to help borrowers with very little equity refinance into a lower rate and monthly payment. If you need a lower interest rate and cheaper monthly payment, it’s worth checking your eligibility to refinance at today’s low rates. And the number of homeowners with underwater mortgages has been steadily decreasing.Īs a result, many homeowners are refinance eligible and simply don’t know it yet. It was created to help homeowners with little or no equity refinance into a lower interest rate and monthly payment.įortunately, home values have been rising rapidly across the nation. The Freddie Mac Enhanced Relief Refinance (FMERR) is a mortgage relief program.
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