Low-cost refinancing for responsible homeowners suffering from falling home prices
In response to the Homeowner Affordability and Stability Plan, CFS Mortgage is pleased to announce a new refinance option. The Fannie Mae Refi Plus Program is a fixed rate, fully amortizing, conventional conforming first lien mortgage loan program.
The Refi Plus Program is designed to allow individuals refinance their properties at historical low interest rates in areas of the country where home values have declined.
Features of the Refi Plus Program:
Loans up to 105% of the value of your home
Primary Homes -105%
Second Homes – 105%
Investment Properties – 105%
620 Fico Scores
Loan amounts to 417,000
No limit to the number of properties owned
Loan must be a Fannie Mae Loan
Salaried borrowers require one paystub
Self-employed borrowers require one year's federal tax return
No mortgage insurance required if you do not currently have it
Existing mortgage insurance remains same if you have it
Existing second mortgages must remain in place
Please call for details and to see if your home has a Fannie Mae eligible loan.
In Arizona Call:
Marvin Elkin Jr.
Lion's Gate Mortgage
4550 East Bell Road
Building 5, Suite 150
Phoenix, Arizona 85032
Direct Phone 480-250-7401
Direct Fax 602.218.7494
