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In December of last year, 71 percent of all home loans (for purchases, not refinances) went to borrowers with FICO scores over 700, according to Ellie Mae’s Origination Insight Report. While this may sound devastating to someone with a low credit score, the reality is a bit better, at least right now.
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The home affordable refinance program (HARP) loan will permit many Medley, FL home owners in Miami-Dade County to re-finance their under water homes where it was previously unattainable. If you are among the many who are qualified for the newest HARP refinancing program, FiveStarsMortgage.com can assist you to quickly help out with the mortgage loan.