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Refi Plus Could Help You Refinance

Posted on | February 16, 2009 | 4 Comments

Recently, Fannie Mae introduced a program that will attempt to allow more Americans to lock in at historically low mortgage rates.  The “Desktop Underwriter Refi Plus” program is going to expand the criteria for qualifying for a loan.  There will be a reduction of employee information as well as a lower FICO score will be required to qualify for the advertised low rate mortgage loans.  This is a strong effort by Fannie Mae to give more homeowners the opportunity to refinance and get a rate they desire.

While this sounds wonderful, it is not going to cause a refi boom.  Many of the homeowners who were ineligible before will remain ineligible due to the subprime crisis and lenders being strict with their lending practices.  For those that do qualify, it will make the process much quicker as there will not be as much documentation as before.

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Category: Refinance
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Comments

4 Responses to “Refi Plus Could Help You Refinance”

  1. Refi Plus Could Help You Refinance
    February 16th, 2009 @ 9:25 am

    [...] the rest of this great post here Share and Enjoy: These icons link to social bookmarking sites where readers can share and [...]

  2. Refi Plus « Financial Fallout
    February 16th, 2009 @ 12:55 pm

    [...] By jwojdylo There is a great article over at Subprime blogger about Refi Plus.  I know this is big in the news right now so you might want to check it [...]

  3. Church of Cowherd » Refi Plus
    February 16th, 2009 @ 2:55 pm

    [...] Refi Plus Could Help you Refinance article submitted by Subprime Blogger Recently, Fannie Mae introduced a program that will attempt to allow more Americans to lock in at historically low mortgage rates.  The “Desktop Underwriter Refi Plus” program is going to expand the criteria for qualifying for a loan.  There will be a reduction of employee information as well as a lower FICO score will be required to qualify for the advertised low rate mortgage loans.  This is a strong effort by Fannie Mae to give more homeowners the opportunity to refinance and get a rate they desire. [...]

  4. Getting a Little Refinancing Help from Fannie Mae - Mortgage Rate News
    February 24th, 2009 @ 11:43 am

    [...] more efficiency. One of the tools being used is called the “Desktop Underwriter.” Subprime Blogger has some good information on this new refinancing program: The “Desktop Underwriter Refi Plus” program is going to expand the criteria for qualifying for [...]

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