REFINANCE YOUR COMMERCE CITY RENTAL PROPERTY
Andrew Hahn your local connection for Mortgage Financing for Commerce City Residence and the residence of the Denver Metro Area as well as the State of Colorado. Capitaladvantagemortgagelending.com. RENTAL PROPERTY OWNERS THIS IS FOR YOU. In my past Blogs pointed out the value of MAKING HOME AFFORDABLE PROGRAM. Here is yet another reason why I like it. For those of you with Rental Properties this program well allow you to refinance you rentals up to 105% of the value of the property and like with your primary residence it must be a Fannie Mae or Freddie Mac owned loan. One of the differences between your primary residence vs. your investment properties you cannot have secondary loans on the property. So if you have a second mortgage on the property you are not going to be eligible for this program. There are also guidelines for those who own over 10 financed properties. Now if your current loan does not have mortgage insurance then you are not required to obtain MI and if you do have MI on the property you are only required to maintain the same level of MI that you currently have. NOT BAD. If you would like to find out more about this program CLICK HERE to access on online loan application or you can feel free to call or email CLICK HERE for my contact information
Tags: Andrew Hahn, colorado mortgage lending, Colorado refinance, Commerce City real estate, Commerce City refinance, denver mortgage lending, Denver refinance
May 8th, 2011 at 11:08 PM
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