Millions of Americans agree that refinancing with Freddie Mac Flex Modification saves money, and not surprisingly banks are on edge about it.
When homeowners first visited the LendingTree® official website they were pleasantly surprised to find out they qualified for a government plan that allows refinancing for those who have a high loan-to-value ratio on their mortgage.
It’s hard to believe the Flex Modification Program (FMP) actually exists when you hear that millions of Americans could reduce their monthly payments by as much as 20%. With that in mind, it’s insane this program isn’t talked about more often as Flex Modification was made for the average American and good credit helps you qualify for even better rates!
It’s easy to merely call something a good deal. But put these numbers into perspective: those of us younger than fifty are restricted to $18,500 in annual 401K contributions. Such a contribution would yield around $2,775 in tax savings for the average American. While on the other hand, Flex Modification could save you 20% on your mortgage payments per year-which could free up more cash to invest in your 401K.
Quick Summary: Homeowners could still benefit today, but sadly, many perceive Flex Modification to be too good to be true. Remember, Flex Modification is a free government program and there’s absolutely NO COST to see if you are eligible. Instantly find out if you are eligible >>
If lowering your payments and shaving years off your mortgage would help you, it’s vital that you act now. We were surprised that you may even take some cash out of your home to help you with bills, renovations, your child’s education, a vacation, or to start saving for retirement.
The Fed wants the banks to cut your mortgage rate to put more money in your pocket so you can go out and spend, therefore boosting the economy. Here is the issue, the banks are hoarding money so tightly that Jerome Powell, the Fed chairman, may even investigate charging the banks for not lending you money.
With many mortgage lenders and brokers available, it can take consumers hours to simply contact each one separately and request a quote. The good news is there are services that could help you save time and money by comparing multiple lenders at once. One such service is LendingTree, which has one of the biggest lender networks in the nation and what’s better is that they work with Flex lenders to provide consumers with a comprehensive set of mortgage options.
There’s no obligation to homeowners, and LendingTree offers easy and fast comparisons you could even do on your cell phone. It takes about three minutes, and the service is 100% free.
Step 2: Once you go through a few questions, you will have the opportunity to compare the quotes from multiple lenders!
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