Hi everyone,
Many of you are considering refinancing and the Treasury Dept. just made that a little easier last week in this declined market. The cap of 105% of the loan to value ratio was lifted to 125% last week. Fannie Mae and Freddie Mac also agreed to reduce processing fees for those who select a 25 year loan instead of the standard 30 years. The rates just dropped again recently too.
Let me know if I can help find a good lender or help in any other way.
Hope everone had a great 4th!
Carol
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