If your thinking of refinancing (well worth the effort if you can save 1.5% from your current rate) your personal home or investment??? or your in a bit of financial distress and need to lower some of your investment mortgage payments?? please e-mail or call me, if you or someone you know are upside down on their properties and need some help in what direction to go. Here is a start. Please forward, thanks.
Here are the basic details but you need to verify with your lender;
Information regarding the Homeowner Affordability and Stability Plan
You can get more details and information about the Homeowner Affordability and Stability Plan through the government-sponsored website http://www.makinghomeaffordable.gov/ |
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No Income Verification (Verbal Verification of Employment)
No Asset Verification
No Debt to Income Limits
Refinance loan can be up to 105% of the property value
No Mortgage Insurance
No Property Limits
Works with Primary, 2nd homes and Investment Properties
Appraisal may not be needed
Current 30 yr fixed rates around 5%
Customers just have to be current on their payments and the loan may need to be owned by Fannie Mae or Freddiemac, but you need to verify that with your lender.. The loan could be serviced by any of the lenders.
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