If your loan was “sold” to Fannie Mae or Freddie Mac prior to June 1, 2009, you may qualify to refinance your mortgage without an appraisal—and you don’t have to worry about the value of your home either!

Determining if your home qualifies

  • Call me with your property address and I will check Fannie/Freddie’s website
  • Your current home, rental property, second home qualifies
  • If you have a 2nd mortgage, the 2nd mortgage holder must agree to “subordinate.”

What you will need to apply

  • Estimate of the current value of your home based on comps from a real estate agent
  • 30-days’ worth of paycheck stubs
  • Bank statements
  • Decent credit scores
  • Copy of driver’s license
  • Private Mortgage Insurance (did you have to include on your original loan?)
  • Copy of title policy
  • Copy of homeowner’s insurance policy

What is “unknown”

  • Fannie/Freddie may require additional documents once the file is submitted to underwriting
  • You may have to bring money to closing
  • How long it will take to process your loan
  • Fannie/Freddie may determine whether or not you will need an appraisal.

What are the benefits?

  • Lower interest rate
  • Decrease in the number of years left to pay off your mortgage
  • No appraisal required (if determined by Fannie/Freddie)
  • PMI insurance may decrease or be eliminated.

There is a huge window of opportunity for you to take advantage of a lower interest rate and reduce the number of years on your mortgage, with lower closing costs.  Call me to see if you qualify! 


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Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com


You can reach Sandra by filling out the online contact form below or give her a call anytime.