YouArePreApproved.com or Freedom Mortgage

[miltownhpt]

Hello, I'm new to the site...

 

I've picked up a lot of credit savvy reading these forums and using the creditpulls database. So I'll ask this, I get these postcards regarding refinancing my mortgage from EDITED TO REMOVE SOLICITATION which I guess are from Freedom Mortgage. This is the third one I've received this year and I see they are a real company but have mixed reviews and that is a stretch to say that.

 

Anyone else get this "offer" and have current/past mortgages with them? I lost all of the equity in my house like most people and now underwater and seems like a rare option to refinance under current rates. But I know that all that glitters ain't gold either. Thanks.

[Brian B The Loan Professor]

welcome to the forum, there are programs out there which allow folks that are underwater to refinance. Most banks have this option. It does not have to be with the current lienholder if they are not a company you feel comfortable with. The only way to know if it is a good deal or worth your efforts will be to check into it. As long as you have a Fannie or Freddie owned loan you may have a chance to get your rates down into the high 4's or maybe low 5s -

Good Luck

[miltownhpt]

My mortgage is not Freddie Mac or Fannie Mae.