by JoAnn Young - People's First Financial Services
CHANGES EFFECTIVE FOR 2012
New Federal Regulations Eliminate Value Issues
for Fannie Mae and Freddie Mac loans
beginning March 17, 2012
Removal of 125% LTV ceiling
+ No new property appraisals
+ Elimination of certain risk-based fees
+ Program extended thru Dec 31, 2013
More homes will qualify under the new changes due to the LTV ceiling being lifted for underwater homeowners. Call JoAnn Young to get your application ready by the end of February. Rates are LOW, now is the BEST time to refinance and save more money in 2012.
