We Can Now Offer Fannie Mae RefiNOW

loan news


Beginning June 5th, Fannie Mae announced a new refinance option, RefiNOW. This new refinance option helps more homeowners reduce their monthly mortgage payments.

RefiNow is available for qualifying homeowners with a Fannie Mae-owned mortgage. It will allow:

  • Allow existing subordinate financing to be simultaneously refinanced
  • Permit borrowers who have resolved missed payments due to a COVID-19 forbearance to be eligible for a new RefiNow transaction
  • Clarify paystub requirements to align with current documentation policies

Contact Burke Mortgage to see if you qualify for a RefiNOW.