Is there a difference between the down payment and points?
Hi Michael, A down payment can be as little as 3% -3.5%. Sample $200,000 x 3.5% down payment = $7,000.00. Points are charged when you want to buy down a rate. Not needed in my opinion in this market when rates are already very low. Better to add an extra payment every year in January to help reduce your principal...

Can I refinance an investment property with HARP?
Hi B Harte,Yes! Fannie Mae or Freddi Mac owned properties purchased prior to June 2009 are part of the Harp 2.0 Program including investment properties. We run your file to get what they call a "DU" eligible and make sure we can get you an appraisal waiver also. Payments need to be current and no...