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Harp2 Underwater Refi Program - Florida
 

Harp2 Underwater Refi Program - Florida

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Refi your Florida home or investment property into today's low interest rates no matter what the value of your property is! No Appraisal! No Income Verification!

Refi your Florida home or investment property into today's low interest rates no matter what the value of your property is! No Appraisal! No Income Verification!

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    Harp2 Underwater Refi Program - Florida Harp2 Underwater Refi Program - Florida Presentation Transcript

    • Presented by: Kurt Bierek Director of Marketing OJ Mortgage Co., Inc. Direct: (813) 453-3845 KBierek@OJMortgage.com© 2011 | OJ Mortgage Co., Inc. | 29190 US 19 N | Clearwater, FL 33761 | FL Reg/Lic #: MBR508 | NMLS ID: 342260
    • Source: CoreLogic Q2 (2011) Negative Equity Report© 2011 | OJ Mortgage Co., Inc. | FL Reg/Lic #: MBR508 | NMLS ID: 342260
    • © 2011 | OJ Mortgage Co., Inc. | FL Reg/Lic #: MBR508 | NMLS ID: 342260
    • HARP 2.0 Underwater Refi Overview“HARP” (Home Affordable Refinance Program) was established in 2009 by the Federal government for certainresidential mortgages owned by Fannie Mae and Freddie Mac. On November 15, 2011, Fannie Mae andFreddie Mac announced updates to HARP to expand its availability to more struggling homeowners to allowthem the opportunity to refinance into today’s incredibly low interest rates. This updated program iscommonly referred to as “HARP 2.0.” HARP 2.0 Underwater Refi Program  Highlights Unlimited Loan-to-Value (LTV) – Qualified borrowers can refinance without concern if they owe more on their mortgage than their property is worth.  No Appraisal – In most cases, there is no appraisal required. This will save each borrower approximately $300 - $400.  No Income Verification – That’s right! In most cases, no proof of income is required (no paystubs, no W-2’s, no tax returns).  Relaxed Credit Score Requirements – Borrowers do not need A+ credit to qualify for HARP 2.0 (minimum score of 620 is expected).  All Property & Occupancy Types – Single family homes, townhomes, condos, 2nd homes & investment properties are all eligible. © 2011 | OJ Mortgage Co., Inc. | FL Reg/Lic#: MBR508 | NMLS ID: 342260
    • HARP 2.0 Requirements & Eligibility The existing 1st mortgage must have been obtained by the borrower before June 1, 2009 and it must be owned by either Fannie Mae or Freddie Mac. At the time of application, the borrower must be current on their mortgage payments for the past six (6) months and have no more than one (1) late payment in the prior twelve (12) months. The new 1st mortgage amount must be greater than 80% of the home’s current value. The new 1st mortgage amount cannot exceed maximum conforming limits (typically $417,000). The existing 1st mortgage cannot have been previously refinanced under HARP. Do You Pre-Qualify For HARP 2.0? © 2011 | OJ Mortgage Co., Inc. | FL Reg/Lic#: MBR508 | NMLS ID: 342260
    • HARP 2.0 Underwater Refi QuestionnairePlease click on the link below to complete the OJ Mortgage HARP 2.0 Underwater Refi Questionnaire to see ifyou pre-qualify to refinance with us under the HARP 2.0 Underwater Refi Program. Due to the large number ofapplications projected to be submitted for this program in Florida, we highly recommend completing this formand submitting it to us as soon as possible. Doing so will ensure that your file is submitted ahead of the rushand will give you a distinct advantage over those who make the mistake of working directly with a bank.OJ Mortgage HARP 2.0 Underwater Refi Questionnaire OUR COMMITMENT TO YOU There is absolutely no cost or obligation whatsoever for submitting the OJ Mortgage HARP 2.0 Underwater Refi Questionnaire. Its sole purpose is to provide our valued clients (you!) a head start and distinct advantage over other applicants. All information you provide to us is strictly confidential and will not be sold, shared or otherwise provided to any third parties. © 2011 OJ Mortgage Co., Inc. | FL Reg/Lic#: MBR508 | NMLS ID: 342260
    • About OJ MortgageEstablished in 1994, we do business the old fashion way - one by one, family by family. We maintain fullprocessing & closing departments to ensure that your loan is closed on time and that you always receiveexcellent personalized service throughout your transaction.We provide you with the mortgage program you want based on your specific needs & circumstances. Ourinterest rates & closing costs are always among the lowest available and, in many cases, we can provide youwith a no closing cost or limited closing cost option. Our full range of mortgage products include:Conventional, FHA, VA, Portfolio & our featured program, the HARP 2.0 Underwater Refi.We take our obligation to you very seriously and sincerely appreciate the opportunity to assist you with yourmortgage financing needs. Purchases, refi’s, advice – whatever you need.OJ Mortgage Co., Inc. – proudly serving Floridians since 1994. Kurt Bierek Director of Marketing OJ Mortgage Co., Inc. Direct: (813) 453-3845 Office: (727) 773-0505 Fax: (727) 773-0606 KBierek@OJMortgage.com © 2011 | OJ Mortgage Co., Inc. | FL Reg/Lic#: MBR508 | NMLS ID: 342260
    • Help Someone You Know!© 2011 | OJ Mortgage Co., Inc. | FL Reg/Lic: MBR508 | NMLS ID: 342260
    • ©2011 | OJ Mortgage Co., Inc. | FL Reg/Lic#: MBR508 | NMLS ID: 342260
    • DisclaimerFreddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program(HARP) and you may be eligible to take advantage of these changes | If your mortgage is ownedor guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance yourmortgage under the enhanced and expanded provisions of HARP | You can determine whetheryour mortgage is owned by either Freddie Mac or Fannie Mae by checking the followingwebsites: www.freddiemac.com/mymortgage or http://www.fanniemae.com/loanlookup/.*Some restrictions may apply.**The information herein is accurate as of 12/30/11 and is subject to change without notice. © 2011 | OJ Mortgage Co., Inc. | FL Reg/Lic#: MBR508 | NMLS ID: 342260
    • Questions? Kurt Bierek Director of Marketing OJ Mortgage Co., Inc. 29190 US Hwy 19 North Clearwater, FL 33761 Direct: (813) 453-3845 Office: (727) 773-0505 Fax: (727) 773-0606 KBierek@OJMortgage.com© 2011 | OJ Mortgage Co., Inc. | FL Reg/Lic#: MBR508 | NMLS ID: 342260