Archive for July, 2009

Washington Biz Journal-Freddie Mac allows financing of 125% of home value

Wednesday, July 1st, 2009

Freddie Mac announced Wednesday that it would offer loan-to-value ratios on home mortgage refinancings of up to 125 percent for qualified borrowers.

The announcement comes as the Obama administration raised the maximum allowable loan-to-value (LTV) ratio from 105 percent.

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Article written by Bryant Ruiz Switzky of the Washington Business Journal

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