Underwater on Your Mortgage? Our NEW program can help!

With the new Home Affordable Refinance Program (HARP) loan, you may be able to refinance no matter how upside-down your mortgage is!  

Please visit my new HARP website for detailed information.

 
Are you worried about making your payments? Would you like to have more cash in your pocket every month? Do you want to try to pay off your loan quicker?

Las Vegas HARP RefinanceFreddie 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 you currently have a mortgage held by Fannie Mae or Freddie Mac, the HARP II refinance loan can help you lower your interest rate, decrease your monthly payments and help you start turning your finances around.

  • Appraisals may be waived

  • No LTV/CLTV restrictions on fixed-rate loans of 30 years or less
  • No occupancy restrictions.  Owner Occupied, Second/Vacation Homes and Investment properties are ok

  • Only 620 FICO required

  • Loan was sold to Fannie or Freddie before June 1, 2009

If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. The refinance must benefit you in one of four ways:

  • Reduction in the borrower's monthly principal and interest payment

  • Reduction in the interest rate

  • Reduction in the amortization term

  • Movement to a more stable product (i.e., interest-only to fully amortizing, ARM to fixed, 30-year to 15-year, etc.)

If you have a Fannie Mae- or Freddie Mac-owned home loan, call me today. I’m here to help make sure you have a home financing program that works for YOU. Let’s see if the HARP II loan is the solution you’ve been looking for!

You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites:

www.freddiemac.com/mymortgage or www.fanniemae.com/loanlookup

--------------------------------------------------
 
Provided by Rey Gallegos | Loan Officer | Branch Manager | NMLS 557038
W.J. Bradley Mortgage Capital LLC (NV License # 504)
C 702.808.8328 | O 702.800.5077 | LV.NV.LO@gmail.com
 

Pre-Approval vs. Pre-Qualification: What is the difference?
01/06/2012
share
The Value of a Loan Pre-Approval for your Las Vegas Home Shopping Pre-Approval vs. Pre-Qualification: What is the difference? For many new Las Vegas homebuyers and their Real Estate Agents, the terms pre-qualification and pre-approval seem… more
How Do I Dispute My Las Vegas, NV (Clark County) Property Taxes? *
12/19/2011
share
How Do I Dispute My Las Vegas, NV (Clark County) Property Taxes? * Dec. 15th to Jan. 15th is the time of the year that Las Vegas (Clark County) homeowners can contest their assessed property value and in turn possibly lower their annual property… more
When is an ARM a Good Choice for your Las Vegas Home Financing?
12/16/2011
share
When is an ARM a Good Choice for your Las Vegas Home Financing? Broken down to basics, all mortgages fall into one of two categories of financing: fixed interest rate and adjustable interest rate, or ARM. Each has its pros and cons,… more
Hot Mortgage Keywords… and What They Really Mean
12/10/2011
share
If you're thinking of obtaining a mortgage, whether for a new purchase or a refinance it's a great idea to do some exploration beforehand to familiarize yourself with the process and what you can expect during your loan… more
What is Fannie Mae HomePath® Financing?
12/08/2011
share
What is Fannie Mae HomePath® Financing? Should I use it for my Las Vegas purchase? Fannie Mae HomePath® Financing is a program that could help more Las Vegas, NV homeshoppers become home owners. With the HomePath mortgage program on your… more
FHA loan limits in Las Vegas have recently changed
12/07/2011
share
FHA loan limits in Las Vegas have recently changed Question: Have the FHA loan limits in Las Vegas, NV recently increased or decreased? Answer: Yes — both. A couple of months ago, HUD lowered the FHA loan limits in Las Vegas, NV (Clark… more
Las Vegas VA Home Loans Lender
12/05/2011
share
Las Vegas VA Home Loans The VA Loan is one of the best kept secrets in lending. In the past, many 100% financing options overshadowed this mortgage loan, but recently we have seen a tremendous resurgence especially in the Henderson and Las Vegas,… more
VA Home Loan for my Las Vegas Purchase, Should I Use It?
12/01/2011
share
VA Home Loan for my Las Vegas Purchase, Should I Use It? I get quite a few inquiries from consumers about using their VA benefits to purchase or refinance a home in Las Vegas. The answer is a very loud, YES! The fact of the matter is that VA… more
Using an FHA Home Loan for your Las Vegas Purchase
12/01/2011
share
Using an FHA Home Loan for your Las Vegas Purchase In Las Vegas, FHA loans continue to be a heavily used mortgage loan for the purchase of a home. There are three primary reasons for this: FHA allows lenders flexibility with the minimum credit… more
 
Img_3777

Rey Gallegos FHA, VA, Home Loans Las Vegas, NV

Las Vegas, NV

More about me…

W.J. Bradley Mortgage Capital LLC (NV License # 504)

Address: 2200 Paseo Verde Pkwy. , Ste. 150, Henderson, NV, 89052

Office Phone: (702) 800-5077

Cell Phone: (702) 808-8328

Email Me



Links

Archives

RSS 2.0 Feed for this blog