Fannie expands student debt mortgage swap program · PERT Florida Real Estate School

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Borrowers will have an opportunity to convert higher interest rate student debt to a lower interest rate and potentially reduce monthly debt payments. When at least one student loan is paid off directly to the student loan servicer and delivered to Fannie Mae with Special Feature Code 841, we will waive the loan-level price adjustment.

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Fannie Mae recently unveiled new options for homeowners with student loan debt aimed at alleviating the burden of payments and opening up credit availability. The options include opportunities for.

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