Wednesday, March 13, 2013 - Article by: Steven Ceceri - First Home Bank -
March 13, 2013
Attention Investors!
Good News.....if you have a Fannie Mae backed loan that is Eligible for the DU Refi Plus (HARP) Program, now is your time to act. If you have tried in the past to get assistance, but the Loan To Value (LTV) was capped to where your refinance would not work, now is your chance to refinance that mortgage. Check if you are eligible by using this link: http://www.fanniemae.com/loanlookup
With the Unlimited Loan To Value (LTV) Program, you can leave the Appraisal worries aside. Although an appraisal is still required, the cap on the LTV is no longer an issue.
No all lenders have this program, so you need to make sure that the lender you choose can offer this program and that you meet the other guidelines for credit, mortgage history, debt to income ratios, number of properties financed, etc.
Working with a Trusted Mortgage Professional is the best option and if you would like to learn more, I'd be happy to answer your questions with No Obligations at all.
Good Luck and have a Great Day!
Steven Ceceri
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