Home Loans Arizona - California - Nevada - Utah

I Owe More on my Loan Than What the House is Worth, what Options are Available?

Your Options for your California Property is the HARP Refinance Home Loan Program. Making Home Affordable Refinance Program known as HARP, can assist home owners who's Note is owned by Fannie Mae or Freddie Mac prior to May 31st 2009.

You may be eligible for HARP if you meet all of the following criteria:

The Note must be owned or guaranteed by Freddie Mac or Fannie Mae.
The Note must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
The mortgage cannot have been refinanced under the HARP program previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
The current loan-to-value (LTV) ratio must be greater than 80%.
The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.

The HARP program is set to expire on December 31st 2015, explore this option before it is to late. Does not hurt to have a conversation about this program and if you are unsure if your mortgage is owned by Fannie Mae or Freddie Mac, call me and I will check for you.

I will need the individual's name who is the primary note holder, complete address of the subject property and the last 4 digits of the social security number of the primary note signer. If you are eligibility to refinance lets move forward on this rate and term refinance home loan.

The benefits the HARP program has to offer is:

Can shorten the term of the loan to a 15 or 20 fix term
Take an existing adjustable rate and turn into a fix rate
If you owe more than what the home is worth, un-limited loan to value
No monthly mortgage insurance
No appraisal required
Allows for higher qualifying debt to income ratios

Do not delay, call or text me right away at 909-503-5600 and lets get started by discussing your goal with a refinance home loan under the HARP Home Loan Program in California (Making Home Affordable Refinance Program). Click HERE to contact me.

By Nathan Rufty

Posted in:HARP Refinance and tagged: HARP Refinance with Fannie Mae

Posted by Nathan Rufty on May 3rd, 2015 4:59 PM

How to Lower my Home Mortgage Interest Rate in California?

How can you Lower your overall Mortgage Payment on your Home here in California?

Now that the interest rates have dropped here in California it is time for you to explore your refinance options to lower your mortgage rate and overall monthly payment.

The process to refinance a home is not a difficult one especially if youarelooking to streamlines an existing FHA, VA, Conventional or USDA home loan. Working with the right lender and an experience Mortgage Professional will make all the difference on how your loan process will go with your refinance here in California.

With the cost of saving on your monthly payment will make gathering the paperwork a lot more enjoyable. You do not want to prolong this process because if rates should raise (which are predicted to increase by summer, depends which economist you listen to) you will lose out on chance to lower you mortgage rate and payment.

There are home loan programs like FHA that does not require income or an appraisal on your home, known as the FHA Streamline Refinance Home Loan Program. This will save you time and paperwork to obtain as while as the cost of the appraisal and our underwriting fee are waived. This is an existing FHA to FHA loan.

VA also has an easy refinance program known as an IRRRL (Interest Rate Reduction Refinance Loan) that also does not require an abundance of paperwork or an appraisal. This is a VA loan to a VA loan.

USDA-RD welcomes a refinance on their books also without an appraisal inspection report on the subject property. This is a existing USDA to USDA program.

HARP program also offers a refinance that may not require an appraisal to lower your payment and interest here in California. This program offers a high loan to value without forcing you to have mortgage insurance. This is a Fannie Mae to Fannie Mae and Freddie Mac to Freddie Mac refinance.

All these refinance programs offer very little to no cost to move forward with a refinance. It does not hurt yo speak with myself to explore your home loan options to refinance your existing loan into a lower rate. I welcome the opportunity to present you with numbers for you to review and see if refinancing your existing home loan makes sense. Take the first step and contact me at 909-503-5600 or click HERE to complete a short inquiry form to get started right away.

Posted in:Refinance loans, refinance program and tagged: IRRRL VA Refinance home loan program FHA Streamline refinance program HARP Refinance with Fannie Mae

Posted by Nathan Rufty on January 24th, 2015 8:56 AM

Home Loans Arizona - California - Nevada - Utah

I Owe More on my Loan Than What the House is Worth, what Options are Available?

How to Lower my Home Mortgage Interest Rate in California?

How can you Lower your overall Mortgage Payment on your Home here in California?

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