Fannie and Freddie rolled out their DU Refi Plus this week.
Fannie and Freddie rolled out their DU Refi Plus this week. In a nut shell, these Limited Cash Out refi’s allow a greater level of flexibility for Fannie & Freddie serviced homes. To clarify, if the loan was original sold to Fannie or Freddie for servicing then they may be elegibile. To determine whether they are presently serviced by Fannie or Freddie you must access their site. The links are attached and the steps are pretty self explanatory.
Fannie: http://www.makinghomeaffordable.gov/
Freddie: http://www.freddiemac.com/
As long as one has good credit the rates and terms are phenomenal! One can refinance their home at 105% loan to value and get a rate in the mid 4’s! The guidelines would turn this into a very long blog so contact me for details and I can pre qual you quickly into a lower interest rate and payment.
