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105% Financing is available for current homeowners that want to take advantage of today’s rates. Bonus features include no MI (if current mortgage does not have MI) or reduced MI (if current loan does have MI), light documentation, and not just for primary residences
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Home Affordable Refinance allows homeowners current on mortgage payments the option to refinance their Fannie Mae home mortgage loan despite the possibility of being upside-down in their equity
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HomePath is a great mortgage loan product despite what some may say. With no appraisal, no mortgage insurance, and low down payment options, buyers are enticed to start buying again with lower monthly payments and less money out of their pocket. But it goes beyond this
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A new Fannie Mae mortgage program offered to home buyers looking to purchase a home where the seller has a current FNMA mortgage. No Mortgage Insurance or Appraisal is needed with this loan
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Yes, I just said Option Mortgage… but I did not say Option ARM Mortgage.
I have talked to clients about this in the past and 9 times out of 10, my client has listened to my suggestion. And I am willing to bet that in today’s economic situation, they are thanking me a million times over.
So,
