Is your Home Loan Owned or Insured by Fannie Mae or Freddie Mac? Find out to see if you qualify for the Home Affordable Refinance program to lower your payment even if you are upside down in your home.

Many borrowers have been anxious to take advantage of today’s historically low rates for refinancing, only to be frustrated by lower home values. The refinancing element of the government’s NEW plan allows for you to refinance up to 105% of the value of your home – here’s the quick scoop.

Loans must be currently guaranteed by Fannie Mae or Freddie Mac, be in good credit standing, and meet present qualifying guidelines. The loan balance must not exceed $729,750 for a one unit property. This will allow a large number of homeowners seeking to cut their monthly expenses, and benefit from the lower home loan rates available today.

I continuously monitor local real estate statistics to keep my clients informed and ahead of the real estate trends. Below you will find King County Single Family Residential Real Estate resale statistics for the month of February.  Click on your area:

Auburn | Auburn – West Hill | Ballard | Bellevue | Black Diamond | Bothell | Burien | Carnation | Clyde Hill | Covington | Dash Point | Des Moines | Duvall | Enumclaw | Factoria | Federal Way | Hunts Point | Issaquah | Juanita | Kenmore | Kent | Kirkland | Lake Forest Park | Maple Valley | Medina | Mercer Island | Newcastle | Normandy Park | North Bend | Redmond | Renton | Sammamish | Seatac | Central Seattle | North Seattle | South Seattle | West Seattle | Shoreline | Skyway | Snoqualmie | Tukwila | University District | Vashon | Woodinville | Yarrow Point | King County Totals

To find out the value of your home with a Free Market Analysis, call me directly at 206.799.3414 or go to House Values and fill out your information for a Comparative Market Analysis.

If you would like a free list of homes For Sale, would like to be the first to know about hot new real estate for sale before other buyers do or would just like more information about a specific area, call me directly at 206.799.3414 or go to Property Watch and fill our your information for New Listing Email Notification.

Mike Rozell ~ Realtor | Real Estate Agent
First-Class Service | First-Class Results