Freddie Mac proposes product to help homeowners tap home equity without losing record low mortgage rates

By: Freddie Mac’s cash-out refinance proposal is more borrower-friendly than existing products. (iStock) Freddie Mac wants to offer second-lien mortgages to help homeowners locked into lower-interest-rate mortgages access their home equity. Freddie Mac’s proposal would allow homeowners to access their home equity while keeping their low interest rate on their current loan. It could potentially…

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