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Orlando Mortgage Lender FBC Mortgage Offers New HARP Mortgage to Homeowners
Orlando, Florida – Orlando Mortgage Lender FBC Mortgage, LLC based in Orlando Florida announced it will be offering the Obama administrations recently announced enhanced HARP (Home Affordable Refinance Program) Mortgage. These changes will significantly benefit borrowers who have loans that are owned by either Fannie Mae or Freddie Mac and closed on or before May 31, 2009. Borrowers that have had no mortgage late payments in the last 6 months and no more than 1 in the last year may be eligible to refinance regardless of the borrowers equity or appraised value! The FHFA will be announcing further guidance on November 15, 2011. Borrowers need to get their preliminary loan application in with a mortgage banker so they can see if they will qualify for the new HARP loan. “Finally the government is rewarding borrowers who did the right thing and remained current on their payments even when the value of their house dropped considerably,” stated Rob Nunziata, President and Co-CEO of FBC Mortgage LLC.
FBC Mortgage will be offering HARP loans in Florida, Texas, Mississippi, Alabama, Connecticut, Tennessee, and Colorado. States that charge taxes on new loans will also see a new revenue stream from the sudden spike in refinances. “Millions of borrowers across the country that have remained in good standing on their mortgage will now be able to take advantage of some of the lowest rates in history. In addition we are hoping that this will help stem the amount of foreclosures and short sales in some of the states hardest hit by the downturn in housing”, stated Joe Nunziata, Chairman and Co-CEO of FBC Mortgage LLC.
You can check the following sites to see if you have a Fannie Mae or Freddie Mac loan that may be eligible for this particular program http://www.FannieMae.com/loanlookup/ or https://ww3.FreddieMac.com/corporate.
About FBC Mortgage
FBC Mortgage, LLC is an employee and community owned retail mortgage banker affiliated with the Florida Bank of Commerce. Headquartered in Orlando, Florida, with branches across the State of Florida and Mississippi, FBC Mortgage lender provides low rates on home loans (FHA, VA, Conventional, USDA), construction and 203k rehab loans. The award-winning company also specializes in refinancing home loans. Visit us on the web at www.fbchomeloans.com or call us at 1-866-413-2563 to schedule your free mortgage consultation.