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!