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DU Refi Plus Refinance

A DU Refi Plus refinance is another aspect of the HARP program meant to help families with limitedincomes who still owe 80 percent or more of their home’s value. Those who owe less than that will beable to refinance with a credit score as low as 580. DU Refi Plus is controlled by Fannie Mae

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HARP 2.0 Refinance

Like the HAMP program, HARP began in 2009 to help bolster failing homeowners as the housing market collapsed. In late 2011, the HARP 2.0 refinance was implemented to reach more struggling debtors. It is designed to help families who cannot refinance because the mortgage on their property is worth more than the property itself. They

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Cash-Out Refinance

When people refinance their homes, they usually do so to either shorten the term or lower their interest rate. This can save a considerable amount of money, but another form of refinancing can actually put cash in the borrower’s pocket. Cash-out refinancing is a trick where the original mortgage is replaced with a larger one:

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