I have some exciting news for those of you homeowners who are currently upside down on their homes. If you have a mortgage that is held by Freddie Mac, FannieMae, FHA, or VA you may be able to refinance your home to take advantage of today's lower rate without any equity in your home. In some cases, you can even refinance your investment property as well!
Homeowner's with FreddieMac and FannieMae loans may be eligible under the HARP program depending when their loan was sold to them.VA has a VA Refinance Streamline to help Vets that do not have any equity in their home and will consider refinancing without an appraisal.
FHA just released new lower insurance premiums for people with FHA loans sold to them prior to 5/2009. If you have wanted to refinance in the past but it just didn't make sense because of the increase in the mortgage insurance now is the time!
To get started to see if your current mortgage qualifies for any of these products, just email me your mortgage statement to jcombs@firstcal.net for your free, no obligation consultation. Unfortunately due to law changes, I am only licensed in CA. But I may be able to direct you to a licensed loan officer in other states if necessary.
Let's do it!
Jayne Combs
Licensed Mortgage Consultant
NMLS#222444
First California Mortgage
588 San Ramon Valley Blvd
Danville, CA 94523
(925) 270-7763
