Refi Plus from National
Bank Of Kansas City

Refi Plus™ is a new home refinance option for homeowners with an existing mortgage through Fannie Mae. Designed for homeowners who have been making their mortgage payments on time but also losing out on their real estate investment due to depreciating home values, Refi Plus allows these homeowners to refinance without Private Mortgage Insurance (PMI).

With falling home values many homeowners are finding that they do not have the 20% equity in their home that they once had, which also means their loan to value (LTV) is over 80%. In ordinary home refinance programs, these two factors would require the person refinancing to pay for PMI. But with Refi Plus, you can avoid PMI because the lender looks at your payment history. If you have made your payments on time, then you may be able to save money with a home mortgage refinance through Refi Plus.

Some home owners who did not find an advantage with refinancing prior to May 2009 are now able to save money. The equity requirements have loosened and there are fewer paperwork requirements too, which makes the process much quicker to get through.

Refi Plus Program Details

• You may not be required to have any equity in your home to refinance under Refi Plus.
• Regardless of your home’s equity, you cannot take more than $250 in cash out of the refinance.
• The financing will cover up to 105% of the appraised value of your home.
• Applicants need a 620 FICO score for primary homes.

Since this is a fairly new home refinance option, the loan team at National Bank Of Kansas City is prepared to answer your questions. Our loan professionals are trained to understand all the details of Refinance Plus so call to speak with us today - 1-800-375-8096.

Get a Refi Plus loan mortgage quote.
Apply for a Refi Plus refinance loan today.
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