Welcome to Eric Painter's Mortgage Market Blog!!

Eric Painter is a Senior Loan officer with Nova Home Loans in Tucson Arizona.

Thursday, October 1, 2009

Freddie Mac Relief Open Access Program STARTS TODAY

Freddie Mac Relief Open Access Program STARTS TODAY. Borrowers who have a loan that was purchased by Freddie Mac in the past and is now upside down can refinance the balance up 125% of the appraised value to lower their interest rate and or convert a ARM loan to a fixed rate!!! This is great news that will help many home owners take advantage of the current low rates. BTW no minimum credit score required!!

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