Friday, March 2, 2012

Can You Refinance When You Are Upside-Down?


Some of you may or may not know that the HARP guidelines are about to improve in the middle of March.  So be sure to tell everyone that you know about the new opportunity to refinance regardless of the home value!  There are some basic criteria that must be met, but most importantly it must be a Fannie Mae or Freddie Mac owned loan in order to refinance thru the HARP Program.  Don’t assume that your mortgage loan is not owned by these investors look it on both Fannie and Freddie Look -Up Tool.

Don’t forget about FHA streamlines too.  The guidelines for refinancing can be even better if you have an FHA loan!

Terry Griffith, Loan Officer
NMLS # 455163
888 Bestgate Road, Ste 417
AnnapolisMD 21401
Tel: 800.333.3004, ext. 3613
Fax: 877.865.5386
Cell: 202.262.2512
Company Awards & RecognitionsBest Medium Companies to Work for In America – Top 25 (SHRM): 2009, 2008, 2007
Best Place to Work in Rhode Island (Providence Business News): 2009, 2008, 2007, 2006
INC 5000 Fastest Growing Private Companies in America (Inc. Magazine): 2007
Most Community Involved Company in RI (Providence Business News): 2006
Best Small Companies to Work for in America – Top 25 (SHRM): 2005, 2004

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