Fannie Maes new RefiNow™ option, which is available for qualifying homeowners with a Fannie Mae-owned mortgage began June 5, 2021, makes it easier for eligible homeowners earning at or below 80% area median income (AMI) to refinance at a lower interest rate and reduce their monthly mortgage payment. Are you below the 80% area median income? Check here.
See if you Pre qualify now!
👉 https://b.link/pre-qualify
Still unsure? Use these resources below to Check if you qualify:
Check if you have a Fannie Mae backed mortgage:
Loan Lookup Tool 👉 https://KnowYourOptions.com.
Are you at or below the 80% area mean income?
👉 https://ami-lookup-tool.fanniemae.com/amilookuptool/
Have you missed more than 1 payment in the past 12 months?
They only allow 1.
Have you missed any payments in the past 6 months?
They do not allow any missed payments within the last 6 months.
Are you above 620 FICO score?
This is the minimum FICO.
Is your loan-to-value ratio up to 97%?
This is the maximum LTV.
What is Loan to Value Ratio:
👉 https://www.youtube.com/watch?v=DExqau_CeJU&t=0s
Is your debt-to-income ratio 65% or less?
This is the maximum DTI.
What is Debt to Income Ratio:
👉 https://www.youtube.com/watch?v=kZTTpzNjO9A&t=0s
Read the Full Article on my Website:
👉 https://themortgagestudent.com/fannie-maes-new-refinance-option-refinow-now-helps-lower-income-borrowers/
Even if you don’t check all the boxes, let my team get you in the perfect mortgage, whether that’s a Purchase or a Refinance.
It’s never been a better time!
👉 https://b.link/pre-qualify
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Get Pre-Approved,IT'S NEVER BEEN EASIER!