Qualifying for a Home Refinance Loan

For normal conventional loans (loan sizes from $50,000 – $1,000,000) for borrowers with average to above average credit that can document their income, qualification is generally an automated process. We take a standard loan application over the phone or via the internet, pull your credit and the file is then uploaded to one of two agencies; Fannie Mae or Freddie Mac (Fannie and Freddie as they are known in the industry).

Fannie and Freddie set the guidelines for what constitutes a ...

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