Charles Schwab Bank is offering the Home Affordable Refinance Program, which is part of Obama Administration's Making Home Affordable plan, to help homeowners who would otherwise qualify to refinance but cannot because the value of their home has dropped.
To participate in this program, the borrower's current first mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac and meet certain eligibility criteria. Go to www.makinghomeaffordable.gov and find out if your loan may be eligible.
If Schwab Bank originated the mortgage, Mortgage Services can help you determine if the loan is eligible. Please call us at 877-688-7118, between 8:30 a.m. – 8:30 p.m. ET, Monday – Friday.
If you are ready to apply, call 866-596-6246. Hours of operation are 8:30 a.m. – 9 p.m. ET, Monday – Friday, 8:30 a.m. – 5:30 p.m. ET, Saturday.
Charles Schwab Bank and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products offered by Charles Schwab & Co., Inc. are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. Charles Schwab & Co., Inc., a registered broker-dealer and SIPC member, does not solicit, offer, endorse, negotiate or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. All mortgage loans are offered and provided by Charles Schwab Bank, member FDIC and an Equal Housing Lender. Charles Schwab Bank is not acting or registered as a securities broker-dealer or investment advisor.
Charles Schwab Bank
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and wholly-owned subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc. (Schwab Brokerage), Member SIPC. Deposit and lending products and services are offered by Charles Schwab Bank. Member FDIC and Equal Housing Lender.
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