Are refinance loans backed by freddie mac dangerous?

I am thinking of refinancing my home. I can drop 2 percentage points off my current loan. The only problem I have is that the new loan is related some how to freddie mac. Is refinancing my loan to a FM backed loan a potential danger in the future? Or do I have nothing to worry about?

Anonymous2009-12-14T05:51:47Z

Favorite Answer

As a borrower you have nothing to worry about. Also, the federal government has shown they will throw any amount of money into FM to keep it afloat.

10

Anonymous2009-12-14T06:03:52Z

No do not worry about Freddie Mac, the now federal government owned bank.
Good Luck, Bob

11

xpowner20042009-12-14T06:04:00Z

if you owe the money, you have no problem. think about it. if you borrow money and the company goes out of busness would you worry??

00

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