Written By: Dan Moralez, Staff Writer, MortgageCurrentcy.com
Fannie has introduced 2 new refi programs, Refi Plus and DU Refi Plus. You’d think they’d name them differently so it’s not so confusing…but here’s the scoop.
Refi Plus is ONLY available for companies who currently SERVICE the loan.
DU Refi Plus is available for companies who currently DO NOT service the loan (and servicers).
This article is for companies and loan officers who DO NOT service the loan.
First, 2 important things we need to mention:
The current streamline refi options ARE GOING AWAY!
Secondly, the DU Refi Plus only makes sense for clients who are at 80% LTV’s and here’s why!
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