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Home Affordable Refinance Program
The H.A.R.P mortgage is a unique refinance option that is available for a limited time. The US government passed a massive economic stimulus programs that created the Home Affordable Refinance Program to help homeowners refinance, even if they had no equity. Many borrowers lost their equity and until now there have been no refinance programs that waived the equity requirement in underwriting.
125% Mortgage Loan (from Home Affordable Refinance Program)
Unlike to 125 loan for debt consolidation the new 125 mortgage is the Obama mortgage that is offered to borrowers who have a Fannie Mae or Freddie Mac mortgage that is not greater than $417,000.
Having Trouble Refinancing with No Equity? - 125 Loans |
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Nationwide Mortgage Loans offers Home Affordable Refinance Program to borrowers who qualify with Fannie Mae and Freddie Mac backed mortgage securities. |
Choose from 105% to 125% mortgage loans provided from government mortgage bailout funds in the recently passed Obama mortgage bill.
Useful Refinance Tips from the 125% Loan Experts |
Ask a friendly loan officer at Nationwide for more details about these amazing 125% mortgage loans that are helping borrowers save the homes of thousands of Americans. Credit score requirements range from 620-800 depending upon disposable income, debt to income ratios and job stability.
125%: Refinance your first mortgage into a low fixed rate. 125 Mortgage guidelines have changed, but new government mortgage relief is available with the Home Affordable Refinance Programs that enables borrowers to refinance their mortgage even if the mortgage is greater than their home’s value.
- Reduced mortgage payments
- No Equity Refinancing
- Lock into a 30-Year Mortgage
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125% Mortgage Refinancing with
No Equity Required |
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