Apr 06 2009
Refinance reflief to help more Florida homeowners
I believe help has finally arrived thanks to our federal government’s Home Affordable Refinance program. The goal is to assist Florida home owner’s who have demonstrated an acceptable payment history on their mortgage loan; but due to declining home values, have been unable to refinance and lower their monthly payments or move to a more stable fixed mortgage home loan.
It is the Fannie Mae Refi Plus program… Simply put, it allows homeowners to borrow up to 105% of their current home value; which may help thousands who have experienced equity loss due to neighboring foreclosures. This refinance opportunity is available only to homeowners who currently have an existing Fannie Mae, conventional, mortgage loan.
- Step one: Find out if your current Florida mortgage is a Fannie Mae loan, visit Fannie Mae’s Loan Look-Up.
- Step two: Call or email your favorite Florida Mortgage Professional or one of ours at 888.399.0520
- Step three: Ask for an upfront Good Faith Estimate to reflect new interest rate and closing costs.
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