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REFI PLUS delivers:
  • Flexibility in locking interest rate -Rates may be locked up to 24 months in advance of the Prepayment
    Period End Date of the existing Fannie Mae Desktop Underwriting System Mortgage Loan using the
    Cash Early Rate Lock (ERL) execution.
  • Greater access to capital before maturity of first lien mortgage -Supplemental Mortgage Loan may be
    used to immediately fund additional proceeds without having to wait for the existing Fannie Mae
    Desktop Underwriting System Mortgage Loan to mature.
  • Low out-of-pocket costs - No need to fund Good Faith Deposit. Mortgage.
  • Mortgage Loan delivery is secured by an amendment to the existing mortgage lien. Streamlined
    documentation requirements mean lower costs and faster approvals Fast processing and
    underwriting DUS Lenders have delegated authority to underwrite, commit, rate lock and deliver Refi
    Plus Mortgage Loans without prior review by Fannie Mae.

See if you qualify for Refi Plus Mortgage .