Category Archive: FL HARP 2.0

FL first time home buyers trust an old Boy Scout

Over the weekend Ron, a previous client of ours living in Brevard County, contacted us after searching online.  They were looking to refinance their current Florida mortgage to not only lower their interest rate, but to lower their remaining mortgage term. Lowering the term, as I have coached over the years, can save homeowners thousands of dollars in long term interest.   After speaking with him, I asked why he called on me, he could have called anyone.  He said, he and his wife trust me with all of their mortgage related needs.  Trust.  Wow.

As a former Boy Scout, I recall the first of the twelve scout laws; A Scout is Trustworthy.  After over 17 years and going, many Florida residents continue to depend on my services with respect to their home mortgage needs.  Whether refinancing under today’s very popular HARP 2.0 mortgage, buying a 2nd home or investment property or referring a friend looking to buy their first home; I remain truly grateful for the volume of home owners and home buyers that keep coming back for sound mortgage solutions simply because of trust.

You may not know me, but if you are looking to get answers about qualifying for any Florida mortgage program or have questions on the HARP 2.0 refinance loan; please call or text me at 407.733.6425 or ask for my mortgage perspective online.  I will provide 17 years of trusted Florida mortgage experience.  Thanks

Stephen Thaggard, NMLS 356309,  Sr Loan Officer, licensed in Florida,

Embrace Home Loans, NMLS 2184,  5500 Murrell Road Suite 201, Viera, FL 32940

FL HARP 2.0 is a success!

With the Fannie Mae system update completed on March 17th, (Freddie Mac was on the 15th); the FL mortgage business has skyrocketed with many home owners taking advantage of the latest FL mortgage refinance with no appraisal; the incredible FL  HARP 2.0.

One of the first requests was from a previous client who purchased his home in Orlando early 2006.  After applying online, his good credit has earned him the OK to refinance from Fannie Mae with no appraisal.  By the way, he is borrowing $273,000 to pay-off his current high rate mortgage, on a home that is valued at approximately $150,000!  The HARP 2.0 refinance may be the answer everyone in Florida has been waiting on for so long.

Many home owners are refinancing to change their interest-only FL mortgage to a true principal and interest fixed rate payment.  In most cases, the payment is about the same but now, part of the payment is actually paying down the principal!  And at a much lower interest rate.  Some home owners are reducing their 30 year fixed terms to 25 years, 20 years, or 15 years.  The long term savings are tremendous.

If you, or someone you know, may need to refinance without an appraisal, please have them contact as soon as possible at 407.733.6425 or complete the contact form.  The wait is over!  Time to start saving!

FL HARP 2.0 – The no appraisal refinance!

Mid March is just around the corner and with it, the system upgrades from Fannie Mae and Freddie Mac will allow thousands of FL homeowners to take advantage of the new enhanced FL HARP 2.0 guidelines.  Fannie Mae will update on March 17th while Freddie Mac is set for March 15th.  Of course the biggest advantage in waiting for the new HARP 2.0 is the removal of the previous 125% maximum loan-to-value (LTV) amount.  The will certainly allow more borrowers to become eligible to refinance and reduce their current interest rate.

Please keep in mind that the newly revised HARP 2.0 guidelines begin next weekend.  For now, we can get started with formal applications and gathering documentation needed.  If you have a Fannie Mae or Freddie Mac owned conventional mortgage you too may be qualified to lower your monthly payment with today’s lower fixed mortgage loan rates.

You can start by contacting us directly or by visiting the following link to check if your FL mortgage  loan is eligible for the  HARP 2.0 no appraisal refinance. Lower your montlhy payment now before interest rates move.

Stephen Thaggard, NMLS 356309,  Sr Loan Officer, licensed in Florida,

Embrace Home Loans, NMLS 2184,  485 N Keller Road, Suite 550, Maitland, FL 32751

FL home equity problems? We have solutions!

When FL homeowners call seeking to refinance their current FL mortgage and take advantage of today’s lower fixed rates; the biggest hurdle is the amount of equity remaining on their current home.  As Florida home prices have fallen the past few years; most homeowners have lost equity while others are simply upside down. There are several mortgage programs home owners can consider and should review with a FL mortgage professional when requesting to  lower their current mortgage rate.   Consider these:

  • If you have a FL FHA loan, then you may qualify for an FHA streamlined refinance.  The advantage is you may qualify without having to obtain an appraisal!
  • FL Veterans with a VA home loan, can qualify to refinance without needing an appraisal – a VA IRRRL or interest rate reduction refinance loan.  And many FL Veterans may qualify to refinance their non-VA loan to a lower rate VA home loan and borrow up to 90% of the current value!  All without monthly mortgage insurance!
  • Many homeowners with Fannie Mae or Freddie Mac mortgages may qualify under the HARP program or Home Affordable Refinance Program.   In fact, the guidelines for this program are being updated and qualified homeowners can borrow without worrying about any equity position.  The revised guidelines will be available later this month.

These are a few of the solutions FL home buyers can utilize as interest rates remain at all time lows and there should be no reason why anyone should be paying higher interest rates on their FL home mortgage.

For more information on these and many other mortgage programs, feel free to email Stephen Thaggard, or text directly at 407.733.6425.   Stephen Thaggard, NMLS#356309

Stephen Thaggard, NMLS 356309,  Sr Loan Officer, licensed in Florida,

Embrace Home Loans, NMLS 2184,  485 N Keller Road, Suite 550, Maitland, FL 32751