Refinance a non Freddie or Fannie loan that is at 107% LTV in Florida
As stated above my primary residence is underwater. I have excellent credit, income, and have never missed a payment on my mortgage. I would love to refinance to not only a lower rate, but also a shorter term if possible. I am currently at 6% for a 30 year with approximately 23 years left on the loan. I have been unable to locate any entity willing to assist me with this. Thank you. by clarkk_882_520 from Riverview, Florida. May 22nd 2012
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Well Clarkk... help is on the horizon.. You may have heard the President talk a few months back about helping responsible homeowners refinance who are unable to take advantage of current lending programs... this refinance plan has been labeled HARP 3.0. The details are not out yet, but based on educated speculation, it will most likely be an FHA product, and will have to conform to FHA loan limits for your particular county. FHA charges upfront mortgage insurance as well as a monthly premium, but, again, because the program details are not out yet, it's hard to say whether this new program will require MI. So stay tuned!!I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions
send me your address and balance on your loan to yourloanpartnerforlife@live.com i will check to see if your value may be different i have been in the industry for over 25 yrs, and i have a great website to check values, is it the same a appraisers use , and i can do it in a few minutes ...
Ken Burrows (mortgagesforamerica)
#19 ranked lender in Nevada - 572 contributions
Do you have an FHA loan? If so we can do a FHA Streamline.
Mark Simon (mark.simon)
#10 ranked lender in Delaware - 83 contributions
I would be glad to review this with you today and provide you answers after having more details that aren't in your question. Not only are there a couple programs that could address this problem but the value to be used for your property could be better than what you are projecting. Mark 800-485-1387 Extension 107
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