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

by on July 1, 2009 in Real Estate in the News

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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