New Refinance Program For Underwater Homeowners!
A new refinance program is going to be available in early March 2012 for underwater Homeowners. Per Fannie Mae, the estimated number of borrowers eligible to refinance under the new HARP 2.0 guidelines is an astounding 9 million homeowners. Below is an initial criteria as to who would qualify:
1. It does not matter how much your home is underwater, you will be able to refinance at today's low rate.
2. Mortgage insurance will need to be obtained for underwater homes.
3. No minim credit score
4. Eligibility - Owner occupied, 2nd homes and investment property up to 4 units.
5. Rate and term refinance only - NO cash-out
6. Mortgage should have been obtained prior to 6/1/09
7. Investor on the loan needs to be Fannie Mae. See if your loan is owned by Fannie Mae - Click Here. In order to find out when Fannie Mae purchase your loan- send an e-mail too resource_center@fanniemae.com.
More details to follow. Please check back.
Contact us for additional details- click here
1. It does not matter how much your home is underwater, you will be able to refinance at today's low rate.
2. Mortgage insurance will need to be obtained for underwater homes.
3. No minim credit score
4. Eligibility - Owner occupied, 2nd homes and investment property up to 4 units.
5. Rate and term refinance only - NO cash-out
6. Mortgage should have been obtained prior to 6/1/09
7. Investor on the loan needs to be Fannie Mae. See if your loan is owned by Fannie Mae - Click Here. In order to find out when Fannie Mae purchase your loan- send an e-mail too resource_center@fanniemae.com.
More details to follow. Please check back.
Contact us for additional details- click here
To find out if your home is owned by Fa
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