FHA Homeowners - You are in Luck !!!

For the past couple of years, FHA mortgage insurance has been rising as rates have come down.  What that means to FHA homeowners is that they can refinance, but their new, higher mortgage insurance rates will eat up the savings.  Well, help is finally here.  FHA homeowners who have had their mortgage for about three years or longer can now refinance to today's great rates (typically 3.25 to 4.0 %) without their mortgage insurance increasing.  Rates subject to change without notice.

Call today to refinance and lower your payment significantly!

Brent A Wood 702-629-9555  brentawood@hotmail.com

HARP 3.0

So far, HARP 2.0 has been a great success, but has been limited to Fannie Mae and Freddie Mac owned mortgages.  Many clients have portfolio, VA and other types of loans that are not included in HARP 2.0, so clients can't take advantage of this great program to save money through a refinance.  HARP 3.0 is rumored to expand the program to include most of these loans. 

TIP - If you want to stay in the loop regardin a possible HARP 3.0 refinance, please email us at brentawood@hotmail.com or kholt@awmlv.com .

HARP 2.0 - Refinances for People paying their mortgage

HARP 2.0 Refinance Program has been out for a few weeks now and it has been very well received by homeowners throughout the country.  This program was created to help homeowners who are paying their mortgage, but did not have sufficient equity to refinance through existing mortgage programs.  Rates from 3.5% up to 5.0% are available for 15, 20, 25 and 30 year mortgages for Primary Residences, 2nd Homes and Investment mortgages that are presently owned by Fannie Mae or Freddie Mac.  Rates are subject to change without notice and not guaranteed.  The shorter the term, the lower the rates.  Credit scores and other factors can impact the rate a client receives, as well. 

Tip - many mortgage bankers and brokers offer these mortgages, but many do not know how to close them in a reasonable time and even fewer offer low rates and fees. 

We would love to provide you a quote with excellent rates, low fees and the time it will take to close.

Brent Wood 702-629-9555 brentawood@hotmail.com 
Karl Holt  702-629-0716  kholt@awmlv.com