Did you know that more than 12 million American homeowners are underwater?
Several cities across the country have more homeowners underwater than not. In Sacramento, the equity of the average homeownes is less than 10%. Owing more on your mortgage than your home’s value is a growing issue, and The Blue Waters Group is making it our mission to inform as many Californians as possible of the refinance programs available to underwater homeowners.
Please complete the short list of questions in the questionnaire below to help determine your eligibility for the handful of loan programs available that allow homeowners to refinance despite owing more on their mortgage than their home is worth.
Before beginning, go to Fannie Mae’s and Freddie Mac’s look-up tool web sites (click on the links) to determine if your loan is owned by either government entity. Have the following details available:
-the full address of the home in question
-full name of the primary person listed on the mortgage
-last 4 digits of social security number of primary person on mortgage