Refinance Program For Homeowners With Low Or No Equity

HIGH LTV REFINANCE OPPORTUNITIES
For borrowers with difficult equity positions
Borrower Benefits
- Lower mortgage payments
- Lower interest rates
- Shorten loan term
- Switch from Adjustable Rate Mortgage to a Fixed Rate Mortgage
- Private Mortgage insurance may be transferred or not required at all*
Features and Terms
- Streamlined documentation
- Appraisals typically not required
- All property types eligible, including investment
- The borrower must have made 12 payments on the loan being refinanced and it must not be a HARP loan
- *If PMI exists on current loan, it must be transferred to a new loan. If no PMI exists, it may not be required.
