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can i refi my home it is with ocwen?

i am underwater - bought in 2007 and hoping to lower the rate by caglioni784236636 from Tustin, California. Dec 23rd 2014 Reply


If you have not been late in the last 12 months then you may qualify for a HARP program regardless of LTV and credit score. (949) 521-3366

Dec 23rd 2014
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Chris Neuswanger (mtnmortgageguy)
#95 ranked lender in Colorado - 84 contributions

Unless there is some prepayment penalty written in your promissory note (or on an addendum to the note, check for that)you should be free to refinance without penalty. You must generally meet a new lenders qualifications for credit, income and loan-to-value. If your loan is owned by Fannie or Freddie Mac you may be eligible for a HARP loan which eases approval requirements considerably. Ocwen can tell you if your loan if Fannie or Freddie, but it seems a high percentage of the loans they service were originally portfolio loans meaning they are not owned by Fannie or Freddie.If you are in Colorado call me at 970-748-0342. You might also find my web site informative even if you don't live in CO. www.mtnmortgageguy.com

Dec 23rd 2014
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,250 contributions

IF you purchased your home first with ocwen, you are probably not a fannie or freddie loan to check go to www.fanniemae.com www.freddiemac.com and check out your address

Dec 23rd 2014
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Bert Carpenter (BertCarpenter)
#38 ranked lender in Arizona - 1,815 contributions

Possibly. If your loan is Fannie Mae or Freddie Mac owned, you may be HARP eligible. If so, I can help you. If your loan is not HARP eligible, your options are limited. As a licensed California Originator, I would be happy to help you determine your options. Just reach out to me. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in Arizona (AZLO0911876 / AZBK0902429), Washington (WALO40586 / WACL3087) and California (CADOC40586 / CAFLL6036566). We are licensed by the CA-DBO under the CFLL and CRMLA. Loans made or arranged pursuant to CFLL or CRMLA license. ~ www.LoansA2z.com ~ 888-889-9950

Dec 23rd 2014
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Cory Ure (coryure)
#46 ranked lender in Utah - 50 contributions

If your loan is owned by Fannie Mae or Freddie Mac you may be eligible for a Home Affordable Refinance Program, or HARP. Being underwater doesn't matter with this loan as it's purpose is to lower the borrower's monthly payment to lower the risk of default. NOTE: Most but not all loans owned by Fannie or Freddie are eligible for this program. You can find-out here https://www.knowyouroptions.com/loanlookup and here https://ww3.freddiemac.com/loanlookup/ .

Dec 23rd 2014
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

The first thing you need to do is find out If your loan is owned by Fannie Mae or Freddie Mac. If the answer is yes then you are eligible for a Harp Loan providing you meet all the other qualifications.

Dec 24th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,225 contributions

As others are saying, it does not matter who you are making the payment to. What is important is 1. on time payments for the past year, and 2. what kind of mortgage it is: Fannie Mae, Freddie Mac, FHA, etc. If any one of those 3 and ontime payments you can likely refinance regardless of how much the house is worth.

Dec 24th 2014
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