All rights reserved.
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 .