Refinance with No Appraisal in NC

December 26, 2012 by Leave a Comment

Refinance to 15 year mortgageThere are tons of folks who want to refinance their house in NC – but don’t think it will appraise for what they owe.  Did you know that there are SEVERAL programs available that do NOT require an Appraisal?  If Fannie Mae or Freddie Mac have your mortgage – you can get a loan for more than 125% of what your home is currently worth!

Does this mean you can get Cash Out of your home up to that amount?  No.

But, if you have a mortgage loan that has a balance that is higher than what you owe on your property, you might be able to refinance that “higher” balance and save money every month on a lower mortgage payment!  Sweet! [Read more...]

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Refinance in NC – New HARP 2.0 Guidelines

March 2, 2012 by 5 Comments

time to refinanceThe Obama Administration is updating it’s refinance programs that were meant to help people who had mortgage payments higher than they could afford.  With the update,  these folks might be able to now refinance to lower payments!!

The problem, for most folks, was that they didn’t have enough equity in their home to qualify for a  refinance.  Because of that, Fannie Mae and Freddie Mac will offer the NEXT phase of the refinance program, called HARP 2.0 later this month… and best of all, the program will be offered by many more mortgage companies (like ours) , so you can be sure you get the best rate and the best closing cost scenario available!

With the NEW HARP 2.0 refinance program, you might be able to refinance even if you owe more on your home than it’s worth!  The program allows for loan to value ratios over 125% – and in some cases, the program requires NO appraisal, and, depending upon your situation – might not require us to verify your income! [Read more...]

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