Refinance Home Loans in Evergreen Colorado

Refinance Home Loans in Evergreen Colorado

Despite the poor economy, most people can still refinance their mortgage.  There are many programs available for Refinance Home Loans right now with all of the government stimulus programs that have come out.  The great thing about working with a credit union like First Mortgage Corp is that we have access to all of the Refinance Home Loans available in the marketplace and can shop your scenario to over 30 banks to find the best deal.

If you owe more on your home than it is worth, there is the Making Home Affordable program.  This program allows home owners to access to Refinance Home Loans that carry excellent rates despite high loan-to-value ratios or negative equity.

Your mortgage must be owned by Fannie Mae or Freddie Mac to take advantage of this program.  The Fannie Mae program is called the DU Refi Plus refinance.  The Freddie Mac program is called Freddie Mac Open Access.  On both of these Refinance Home Loans, even if you have less than 20% equity in your home, normally a scenario for which you would have mortgage insurance, you will not have mortgage insurance on the new mortgage.

Do you have an FHA or VA loan?  These government-backed programs offer a streamline refinance program which does not require an appraisal and has more lax qualifying guidelines. 

And of course there are traditional conventional Refinance Home Loans which will allow you to take advantage of the historic rates we have been seeing over the past year.

We offer honest, professional, financial advice and will provide you a free, no obligation rate quote for your unique Refinance Home Loan situation.  Our goal is that you will be so happy with us that you will come back the next time you need help and will refer your friends and family to us.