Don’t let the name of the page fool you. Even though we are centrally located in Nashville, Tennessee, we can do this loan all throughout the southeast. Finally some good news on the refinance front for home owners who currently owe more than what their home is worth. It is called a HARP (Home Affordable Refinance Program) refinance. This page is going to explain the Home Affordable Refinance Program available thru Fannie Mae. You must have a loan that is serviced by Fannie in order for you to refinance with me.
Benefits of the HARP DU Refi Plus
The main benefit of the this program is to allow home owners the ability to refinance your current mortgage to today low interest rates. As many of you may know, because the decreased value in home prices, you may not have been able to refinance your current mortgage. Not anymore! Now you can refinance into a low rate mortgage, while making your mortgage payment a lot easier. Here are some benefits of the new program:
No maximum loan to value restrictions for fixed rate mortgages with terms up up to 30 years.
You can refinance your primary residence, second home, vacation home, & investment property.
One to Four unit properties are eligible.
Must be current on your mortgage for the last 6 months. No more than one mortgage late in the last 12 months.
New mortgage insurance is not required.
Streamline documentation.
Getting started
Like I mentioned earlier in this page, these details relate to the DU Refi Plus by Fannie Mae. If your home is not a eligible for Fannie, you may want to reach out to me to see what we can do for you. To see if your home is eligible, go here: Fannie Mae Loan LookUp
If you qualify, fill out the form below. I will be glad to see how much we can save you monthly on your new home.
If you are looking for Tennessee home refinance FHA programs, you are in luck. Not only can we help home owners in Nashville ,TN, we can help many home owners in almost every city and state in the country (we focus on Tennessee in this post for the search engines to make a long story short…anyhow). This post is designed to give you an idea on why refinancing this loan could possibly benefit you. Let me give you three reasons.
Benefits Of A FHA Refinance
The obvious reason is to lower your rate and monthly payment. If you got your FHA loan a couple of years ago, interest rates may be a lot lower now compared to then. I have refinance a number of clients recently that realized an considerable savings on their mortgage payment.
You could do a FHA Streamline Refinance. This option is streamlined because in some cases you may not need an appraisal. You may also benefit from reduced paperwork. Saving you time and the process saving a few trees!
Lastly, saving a few years of your mortgage could be an option. For some, your mortgage payment may already be affordable. You possibly got a 30 Year fixed rate when you took out your mortgage. If thats the case, have you thought about a 15 Year fixed loan? Some of my clients refinance into a 15 Year Fixed FHA loan and was paying almost the same monthly compared to a 30 Year Fixed. Imagine how much you could save on the life of the loan if you were able to shave off 10 years of mortgage payments? Think about this, how much are you paying a month? Multiply this by 120 months. What figure do you come up with?
What Do You Do Now?
Give me a call! This article is designed to let you know that you may have options in saving money on your mortgage. I know that everyone situation is unique. Because of this, contact me and I will know in a few minutes if refinancing your current FHA loan is an option for you. My phone number is (615) 294-6534. If time is not on your side right now, fill out the contact link below. Just let me know what would be a good time to call.
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