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DU Refi

Does anyone have information regarding the new DU Refinancing available for home mortgages "held" by Fannie Mae?
  • April 27 2009 - Tualatin
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Answers (6)

Be specific, what type of info are you looking for?
  • April 27 2009
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We have an 80 / 20 Mortgage with the 80 on an ARM; it is possible to combine both into one 30 year fixed rate mortgage or is it only available for the 80 loan because our home has de-valued in the last year?

  • April 27 2009
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No,

YOu cannot roll the second into the first the best you can hope for refinance the first and subordinate the 2nd.
  • April 27 2009
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You are not gonna be able to combine the 1st &2nd Mortgage. You are only able to qualify for a rate and term refinance under the new DU Refi Plus. No cash out or consolidating. Sorry :(
  • April 27 2009
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  • April 27 2009
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At this time you are only able to refinance teh 1st mortgage with the new HARP program. However, President Obama is working to get the 2nd mortgage holders to do a similar program.That said, you might be able to still refinance the 1st and have the 2nd resubordinated. It's up to the 2nd mortgage lender to make taht decision, but would be in their best interest.
  • May 12 2009
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