Doug Patterson ABR®, SFR REALTOR®

HOMES FOR SALE IN WINSTON SALEM TRIAD NC HELP WITH MORTGAGE PROBLEMS

     Is your home loan owned by Fannie Mae or Freddie Mac?  Who the heck is Fannie Mae and Freddie Mac?  They've been in the news alot lately.  The Federal National Mortgage Association, nicknamed Fannie Mae, and the Federal Home Mortgage Corporation, nicknamed Freddie Mac, have operated since 1968 as government sponsored enterprises.  

      Many banks have sold their loans to Fannie or Freddie, there may be some help to folks who are struggling with their mortgages. You can easily check here to see if either one of them owns your mortgage loan. 

     If you are a homeowner who is current on your mortgage payments but you are unable to refinance to a lower interest rate because your home value has decreased, you may be able to refinance.  Once you learn if your home mortgage is owned or guaranteed by Fannie or Freddie, you can check to see if you are eligible for the  "Home Affordable Refinance"  program. 

If you are struggling with a mortgage BEWARE of "Foreclosure Councilors", especially if they are charging a fee.   Gather your information together and speak with a  HUD-Approved Councilor.    It's a FREE service and you will learn exactly what you should do next. 

 If you are already delinquent with your home mortgage and need help right now, don't despair, you can call toll free at:1-888-995-HOPE (4673).  

Should you need to have your loan modified, you can easily Request for a Loan Modification and even find where to send the completed requestbased on who is servicing your loan.  

Need mortgage help in Spanish?

If you need help locating Homes for Sale in Winston Salem, please leave us a message at Park Place Real Estate .  We are here to help you.   If you're a  BUYER or a SELLER you can sign up for search for homes for sale in the Winston Salem and Greater Triad Region for free and with no obligations to ever purchase or sell any real estate!   We'd love to hear from you!