Hi, actually i am going through the process right now as long as you show proof of income and proof of reduction they will be able to help you and also it depend on if you are current or late there is diffrient programs out there you have to call your lender to see what is best fot you also try this website http://www.makinghomeaffordable.com/
DO understand that the program to which you refer is NOT mandatory for a conventional mortgage loan. If your loan is FHA, Fannie, Freddie, or similar, the program now indicates that you can refinance for 125% of a loan to value ratio.
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Hi, actually i am going through the process right now as long as you show proof of income and proof of reduction they will be able to help you and also it depend on if you are current or late there is diffrient programs out there you have to call your lender to see what is best fot you also try this website http://www.makinghomeaffordable.com/
DO understand that the program to which you refer is NOT mandatory for a conventional mortgage loan. If your loan is FHA, Fannie, Freddie, or similar, the program now indicates that you can refinance for 125% of a loan to value ratio.
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