San Diego Home Mortgage Blog

The "Making Home Affordable" plan has expanded to include your higher balance San Diego Mortgage Loan.

Many San Diego home owners are struggling to get their mortgage refinanced even with President Obama's "Making Home Affordable" program going up to 105% loan to value. The 105% cap on the program left many San Diego home owners unable to refinance out of their adjustable rate mortgages due to local home values dropping so drastically over the past 2 years. That is about to change because this month there was an announcement made that should help many more home owners refinance their upside down mortgages. The new maximum loan to value limit will be 125% for refinancing your San Diego mortgage loan. This increase will allow many more people to get a fixed rate instead of their unpredictable adjustable rate home mortgage. However, there are limitations that apply. Your current mortgage must be owned by Fannie Mae or Freddie Mac. To see if you qualify call me and I will help you gladly or visit these two self service look up tools and know in just a few minutes..

                                          Fannie Mae

                                          Freddie Mac

To learn more about this program or any other San Diego mortgage loan give us a call at (619)285-2921 or apply below.

          Mortgage Pre-Approval       Printable Full Application