If you own your home but have little equity or even no equity whatsoever, you might think that refinancing is out of reach. Thankfully, there are programs available that can get you out from being underwater and back on track with lower payments.

The Freddie Mac Enhanced Relief Refinance, or FMERR, is a great option for homeowners who need to refinance their homes.

Read on to learn more about this important refinance program offered by Freddie Mac that will help you with lower mortgage payments and the chance to build equity in your home.