125% Refinance on the way to Scottsdale…..and couldn’t come sooner

July 13, 2009

Talk is cheap. However, insiders in the mortgage world have leaked information that starting September 1, 2009 homeowners in Scottsdale, Phoenix, Fountian Hills and all over the Valley will be able to refinance their home at 125% of the home value. THAT’S RIGHT! 125% Refinance.

 This news comes months after the announcement of the 105% (DU REFI PLUS PROGRAM) in which homeowners could refinance their current mortgage up to 105% of the home value. Although the program had the best intentions for homeowners and some did in fact benefit, the fact of the matter is the program was not as successful as planned based on one reason…….LOW APPRASIALS!

 It is no secret that homes in Scottsdale, Phoenix and surrounding cities have significantly dropped in value. Many homeowners and home”speculators” financed their home with 0 or little money down, they are now well under water on their home value.

The new 125% refinance program should and will allow many more homeowners in the valley to have the ability to refinance their loan at interest rates that are almost at all time lows.

To learn more about the program, or to get pre-qualified, call    1-866-LOAN -1

A mortgage specialist will be happy to assist you.

Brought to you by Jason Mitchell

C.R.L

www.crllending.com

   

Written by James Wexler · Filed Under Lending / mortgages | Leave a Comment