Is a mortgage with mortgage pool insurance eligible for refinancing under the Relief Refinance Mortgage – Open Access offering?
No. If the existing mortgage has mortgage pool insurance or any other type of credit enhancement it is ineligible for the Relief Refinance Mortgage – Open Access offering. While Relief Refinance Mortgages are designed to assist a large number of borrowers who are current on their mortgage payments, not all borrowers or loans will qualify for the offering. Relief Refinance Mortgages are just one of several refinance options available in the marketplace and borrowers are encouraged to explore other available refinancing opportunities.
Related Questions
- Is a mortgage eligible for the Relief Refinance Mortgage offering if the borrowers previous application for a refinance was cancelled or denied because the LTV ratio was too high?
- Is a mortgage with mortgage pool insurance eligible for refinancing under the Relief Refinance Mortgage - Open Access offering?
- Are Streamlined Refinance Mortgages eligible for the Relief Refinance Mortgage offering?
