The FannieMae "Refi Plus" program has raised the amount it will approve for a refinance of your current mortgage to 125% of the home's value versus 105%. While none of us want to mortgage our home for more than it is worth, this program is designed to help those who want to stay in their home, but have lost value in the declining market and are in a bad loan and need to refinance DESPERATELY!
Talk to your lender about the FannieMae REFI PLUS program and see if it is an appropriate option for you! Contact us @ PINELLAS FINANCIAL for any mortgage questions and we'll get you an answer or get you to the person you need to talk to!
