Lisa Veronica McNeil
Loan Officer
VA License #MLO-3903VA
NMLS # 267484
(click link above to check license)
Direct: 757-769-7169
Mobile: 757-753-8898
Fax: 757-605-4247
15 West Mellon Street
Hampton, VA 23663
More About Lisa Veronica McNeil
I am proud to work with the great folks at Abbitt Realty Co., LLC. .... together, let us show you what we can do for you!
http://www.youtube.com/watch?v=S6W-oi7qd4k
New Harp Mortgage Refinance Program Guidelines
Announced by the President, October 24, 2011, the Home Affordable Refinance Program has been updated allowing more homeowner’s to take advantage of the program.
The New HARP Mortgage Program Guidelines have several benefits for home owners:
- The program has been extended until December 31, 2013.
- The maximum Loan to Value (LTV) cap has been removed on home owners looking to refinance in to a fixed rate mortgage.
- However for homeowners looking to refinance in to an adjustable rate mortgage the maximum LTV is set at 105%.
- The appraisal process has been streamlined; in cases where an Automated value can be determined an appraisal would not be required.
- Each mortgage lender will enact its own schedule for implementing these enhancements. Lenders should receive instructions from Fannie Mae and Freddie Mac before November 15. We are taking applications for Harp 2.0 now.
