Why use HARP Refi Plus in Florida

Why Refi Plus In A Declining Value Market?

It may be your only refinance option as values have fallen.

Is your home worth less now than what you paid for it?
Do you believe refinancing has passed you by?
Qualify at up to 105% value with no PMI.
Up to 37% of mortgages are still over a 6% rate today.

THE TYPICAL PROBLEM

You paid $280,000 7 years ago

Current value estimate $220,000

Current balance $200,000 @ 6.50%

95% Refi Plus

PMI is not required!

95% PMI Loan?

95% PMI is not available in Florida

No conventional options

Mortgage Loan Amount

Interest Rate

Amortization Term

Monthly P&I Payment

So, which payment's lower?

Monthly Payment - / +

Plus:

Cash Reserves Required?

Cash Out Allowed

$208,000

5.00% Fixed

360 Months

$1,116.59

________

$1,116.59

$210.75 Lower

N/A

Current Rate 6.50%

N/A

Currently $1,327.34

________

$1,327.34

Can't refinance

N/A

Rates, terms and product are subject to change daily. It is a requirement that FNMA own your current mortgage. If Freddie Mac owns your loan call us for further details. You may easily check that on our website as well for free. Please call for current quotes when you are ready. Rate is generally LTV and credit score driven. See HARP Refi Plus Guidelines on our sight. This is a no cash out program.Total monthly debt ratio may not exceed lender or program guidelines. Other PMI options may be available subject to the LTV/credit score requested. This example assumes 720+ credit score and a primary or second home refinance. Additional LTV and credit score options are available and pricing as well as terms and level of qualifying difficulty will apply. PMI coverage is currently only available on primary residences up to 90% LTV in Florida but subject to change in the future if the market improves sufficiently. No loan approval is promised or implied in this example.

Easy Refinance Estimates!

YOU DON'T HAVE TO TELL US YOUR LIFE STORY, or have us pull your
credit to receive our estimate. Just tell us what you want to see. The
more complete you are the more complete the estimate will be. A
good credit standing will be assumed for your quote.

How do you wish to be contacted?

*Name:
*Email:
Phone:
Fax:

REFINANCE DATA / What Do You Have Now?

*Home, 2nd Home, Rental?:
*Property Type: SFR, Other?:
*Estimated Market Value?:
*1st Mtg Balance? Fixed/ARM:
*2nd Mtg Balance & Line? Pay it off?:

What loan product do you want?

*30yr Fixed, ARM, Other?:
*Subject Property Address?:

Tell Us About The Mortgage You Want

*Loan Amount?:
*Get Cash Out? How Much?:

Escrow Account Data For Estimate:

*Waive Escrows- Yes / No?:
*Amount R.E. Taxes?:
*Hazard Insurance Premium?:
*Hazard Renewal Month?:
Flood Insurance Premium?:
Flood Renewal Month?:

Tell Us About Your Credit Standing

Know your score? What is it?:

Comments / Variations / Details / Questions:

What else do we need to know?:

Note: Fields with an * are required