!!Come March 1, 2012 Loans owned by /Freddie Mac and Fannie Mae, can be refinanced with no LTV?CLTV limitaituion.  No appraisal is allowed on these high LTV loans!!

Under Water? Your loan may qualify for financing above the property's value

If your current mortgage is held by Fannie Mae or Freddie Mac, you may be able to refinance your current loan at up to 125% of your properties' current value.  Most will qualify for only $105%, however.

To see if your mortgage is held by either of these GSE's contact them over the internet.  Internet Loan Lookup is at the following website addresses: Fannie Mae: http://loanlookup.fanniemae.com/loanlookup/ or Freddie Mac: https://ww3.freddiemac.com/corporate/ 

If you do not have internet capability, please call me at 707-998-3035, or 1800-347-4840.  And I will look up your eligibility for you.

Rates for these refinances are very close to regular rates, you will however have to pay a modest mortgage insurance.