New High LTV Programs: Lower Your Payments, Reduce Debt and Save Money!
It’s a new year, and that means there are new High LTV Programs designed specifically to lower your payment, reduce debt and save you money! The best part? There’s no cost to see if you are eligible! Find out today what great rates are available to you and read on to learn more.
Goodbye HAMP, Hello FMP!
The Home Affordable Modification Program (HAMP) has just expired, but the program replacing it is even better than before! The Flex Modification Program (FMP) was specifically designed for the average, middle-class American, and can allow your monthly payments to be lowered by as much as 20%. Not only that, but the Flex Modification Program could reduce your term and allow you to pay off your mortgage faster!
If you’re in need of some extra cash, not only can the Flex Modification Program help you save money. It can also let you take cash out of your house’s equity. Whether you use these funds to go on a big trip, get an education, pay bills or more is up to you!
There’s no Error about ERRP!
The Home Affordable Refinance Program (HARP) has also expired, and Fannie Mae and Freddie Mac have both released new programs to replace it. The Enhanced Relief Refinance Program (ERRP) is Freddie Mac’s program. Qualifying borrowers can reduce their interest rate, reduce their term, and/or replace an Adjustable Rate with a Fixed Rate! This can help you save money and have more stability in your mortgage.
If you have an Adjustable Rate mortgage, your mortgage rate can increase, meaning you’re suddenly paying more than you were before. Having the ability to refinance to a fixed rate, as well as reduce your term and interest rate, is a great option when planning your monthly budget. Make your life a little more predictable, and save money while doing so!
High Five for the High LTV Refinance Option
Fannie Mae has just released the High LTV Refinance Option program. This is a great option because if you don’t currently have mortgage insurance, you won’t need it for the new loan! There’s also no minimum credit score required, and in some cases, you can waive your appraisal (and thus not have an appraisal fee). You can lower your monthly payments and earn a cash payout. Check today to see if a High LTV Refinance Option is right for you!
Did you apply for a HARP loan, but were rejected? You may qualify for one of these new government programs! Find out now if these High LTV refinance programs can lower your rate and reduce your term!
Check Rates Now
Do any of these High LTV Refinance Programs sound appealing to you? If you’re looking to save money, lower your payments, and pay off your debt faster, then check your eligibility and current rates now! You’re just minutes away from comparing offers and finding the rate that’s best for you! Take advantage of these new programs and start saving!
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