As we approach the end of January 2012 many FL mortgage professionals are gearing up for the most requested refinance program in recent years, the HARP 2.0 or no appraisal refinance.  I already have a pipeline of FL homeowners eager to take  advantage of today’s extremely lower fixed interest rates.  As with many new Fannie Mae or Freddie Mac programs, we must wait until their automated systems, DU and LP, are updated and can accommodate the new guideline changes, such as no appraisal approvals.  This will happen in mid March 2012.

Well, good things come to those who wait especially with the newly revised HARP 2.0 no appraisal refinance.

Qualified homeowners who could not refinance simply because they owed more on their homes than the current appraised values can benefit with HARP 2.0 as follows:

  • Reduce their current monthly FL mortgage payment
  • Move to a more stable mortgage , such as a new low fixed rate from an ARM (adjustable rate mortgage)
  • Simply enjoy a lower fixed interest rate
  • Reduce the term or amortization, such as new 25 year, 20 year, 15 year or 10 year

For more information or to see if you qualify to refinance under the new HARP 2.0 no appraisal refinance; please call 407.733.6425 or today.

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

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