DENVER REFINANCE YOUR INVESTMENT PROPERTY
by Andrew Hahn on Jan.28, 2010, under Loan info
I have in some of my past Blogs pointed out the value of MAKING HOME AFFORDABLE PROGRAM. Here is yet another reason why I like it. For those of you with Rental Properties this program well allow you to refinance you rentals up to 105% of the value of the property and like with your primary residence it must be a Fannie Mae or Freddie Mac owned loan. One of the differences between your primary residence vs. your investment properties you cannot have secondary loans on the property. So if you have a second mortgage on the property you are not going to be eligible for this program. Now if your current loan does not have mortgage insurance then you are not required to obtain MI and if you do have MI on the property you are only required to maintain the same level of MI that you currently have. NOT BAD. If you would like to find out more about this program CLICK HERE to access on online loan application or you can feel free to call or email CLICK HERE for my contact information
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