This is an excellent program was created to allow those home owners who's first mortgage is up to 125% of the value of their home. Although most lenders go up to 105% some lenders well allow up to 125% of the value. If you have a second mortgage you can still take advantage of this program; the second mortgage needs to agree to allow the new first mortgage. This requires whats called a subordination agreement and most times the second mortgage holder well require a non refundable upfront fee to determine if they well allow for the new first mortgage. For further information regarding your eligibility for this program.
For More information please contact Andrew Hahn.
For more information you can visit my Blog site DenverMortgageLending.com
I am a licensed Mortgage broker in the state of Colorado, I specialize in Denver refinancing and refinancing throughout the state of Colorado