Do you have a Fannie Mae loan? If you have a conventional mortgage, then there is a good chance you do. Here's a website that Fannie set-up for borrowers to find out if their loan is owned by Fannie Mae.
Click here to find out - http://www.fanniemae.com/loanlookup/
If you have a Fannie Mae loan and if you live in the Carolinas, I can assist you with your mortgage.
The program called DU Refi Plus allows borrowers with bad credit to do a refi IF they have no lates on their mortgage payment. I approved a borrower with a 560 FICO last week and saved him around $400/mo on his mortgage payment. He did not have any lates on his mortgage for over 12 mos.
For the DU Refi Plus program, the LTV can currently go up to 105% and it can go higher if you are working with your current servicer. If you have a GMAC Mortgage loan, I can get you approved for up to 125%!
If you currently have PMI then that would stay the same and if you currently do not have PMI that would stay the same as well.
Find out if your loan is owned by Fannie and let me know if I can assist you save some money with a great low rate with this DU Refi Plus program.
