Mortgage Refinance Program Available
Want more money each month? You MIGHT be able to get it!
You might qualify to refinance your loan through HARP (Home Affordable Refinance Program) if…- The mortgage is owned or guaranteed by Freddie Mac or guaranteed by Fannie Mae.
- The mortgage was sold to Fannie Mae or Freddie Mac--on or before--May 31, 2009.
- The mortgage cannot have been refinanced under HARP previously, unless it is a Fannie Mae loan that was refinanced under HARP from March 2009 - May 2009.
- The current loan-to-value (LTV) ratio must be greater than 80%.
- The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.
Here is a shorter (unofficial) way of putting things:
- You are up-to-date on your mortgage.
- You want to reduce your monthly payment.
- You have a steady job.
- You have decent credit.
- You owe a lot of money (at least 80% of the home value – over 100% might be okay)
- Your home value dropped incredibly far.
Even if you do not have very much money, you may be able to lower your payment while we pick up the costs to refinance:
- Underwriting
- Tax Service
- Flood Certification
- Title Insurance
- Credit Check
- Reestablishing Tax Escrows
MilMar Financial might be able to help pay for some of all of these charges for you.
Call MilMar Financial to make an appointment today to discuss your possibilities.
We might be able to help you if you live within our area of Southeast Michigan: Troy, Rochester Hills, Sterling Heights, Bloomfield Hills, Bloomfield Twp, West Bloomfield, Novi, Plymouth, Clinton Twp, Macomb Twp and neighboring cities and communities.
Main Area Zip Code Refinancing Available: 48083, 48084, 48085, 48098, 48306, 48307, 48309, 48310, 48312, 48313, 48314, 48301, 48302, 48304, 48322, 48323, 48324, 48301, 48302, 48304, 48374, 48375, 48377, 48170, 48035, 48036, 48038, 48042, 48044