As an approved Wells Fargo business partner we have the ability to do a Wells to Wells VA Streamline Refinance back with Wells Fargo. By going back to the same company, we can do this without the need for a new appraisal, income or asset verification and most of the time do it at NO Cost!

Based on the loan amount size, we can pay all of the costs associated with the VA Streamline Refinance Program. Your existing loan balance will become your new loan amount and in certain cases we can even lower your current loan amount. All at No Cost to you! Your loan balance will not go up! Before you pay anyone to do a VA streamline, be sure to request an estimate and fax or email that along with your current Wells Fargo statement. We can prepare a similar estimate and show you how much money you could be saving!

www.VAMortgageSource.com – Washington State’s #1 Source for VA Loans.

Hopefully some of them will actually make the effort to contact you to try to save money…Joe

The Home Affordable Refinance Program (HARP) is a refinance program for mortgage holders whose notes have been sold to Fannie Mae or Freddie Mac. You may refinance your loan with any HARP loan provider, it doesn’t have to be the bank or loan servicer who currently is servicing your loan. The intent of HARP is to lower your interest rate on your first lien mortgage loan in order to provide some financial relief through a lower interest rate and lower payments.

The following is information to have handy when calling to inquire about the HARP program:

* When was your current loan closed/recorded?
* Is this your primary residence?
* What is the balance of the first mortgage?
* What is the balance of the second mortgage if one exits?
* What is your current interest rate?
* What is your current monthly first mortgage payment including taxes and insurance?
* How much are your taxes and insurance?
* What do you think the value of your home is?
* Your gross monthly income?
* Does your current loan have mortgage insurance? If so, do you know which Private Mortgage Insurance Company your lender is paying the premiums to?
www.Harp2MortgageRates.com
FREDDIE MAC Open Access Fannie Mae DU Refi Plus

If you are looking for a VA Mortgage Expert in Washington State, call the VAMortgageSource.com at (253) 472-1500 to lock into these historically low VA loan rates.

Millions of FHA borrowers could save average of $3,000 a year  WASHINGTON – Today, Acting Federal Housing (FHA) Commissioner Carol Galante announced significant price cuts to FHA’s Streamline Refinance Program that could benefit millions of borrowers whose mortgages are currently insured by FHA.  

Beginning June 11, 2012, FHA will lower its Upfront Mortgage Insurance Premium (UFMIP) to just .01 percent and reduce its annual premium to .55 percent for certain FHA borrowers. To qualify, borrowers must be current on their existing FHA-insured mortgages which were endorsed on or before May 31, 2009. 

Late last month, FHA also announced it will increase its upfront premiums on most other loans by 75 basis points to 1.75 percent.  In addition, FHA will raise annual premiums 10 basis points and 35 basis points on mortgages higher than $625,500.  Read FHA’s new Mortgagee Letter.

To find out more about this exciting program change, call me at (253) 472-1500 or toll free (855) 472-1500 Serving Northwest Homeowners since 1996.

Here are a few hi-lights of this great program:

1. No Appraisal Required
2. No Qualifying – No Income or Asset documentation required
3. Owner or Non Owner (Rental) properties qualify
4. No or Low Closing Cost Options – Your current loan balance stays the same.  Ask me how

As  a full-time mortgage broker for over 25 years, I can help you navigate the mortgage process more efficiently than the bank you are currently with.

Take the next step and give us a call and let’s chat about your Wells Fargo VA Streamline Refinance. (253) 472-1500 or (855) 472-1500 toll free.