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DU Refi Plus is a program from Fannie Mae that facilitates streamlined refinancing for existing Fannie Mae borrowers. It allows homeowners to refinance their mortgages with fewer documentation requirements, making the process quicker and more accessible. This program is especially beneficial for those looking to take advantage of lower interest rates or to access home equity without extensive paperwork. Overall, DU Refi Plus aims to simplify refinancing and promote homeownership stability.

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2mo ago

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What does DU mean in the mortgage industry?

Consolidated from various online answers... DU stands for Fannie Mae's Desktop Underwriting System, used in replace or an addition of a human underwriter (UW) to qualify for a mortgage loan. DU can decline your file and once it's declined, it will appear on a national database that every underwriter will see. Recently, that terminology is used to describe one of the ways, to access the new loan products, that fall under the administrations efforts to help struggling, and not so struggling homeowners. The two new products Fannie Mae created, at the behest of the President, can either be run through this system, or not. If one can pass through DU underwriting, one is probably not so struggling, and the truly struggling have to be underwritten by a human UW, on the non DU Gov't suggested refi product. Some lenders have chosen to only refi the not so struggling owners, who the DU system approves, and not even bother to look at the non DU files. In some cases, one might not pass thru DU, and still be eligible with manual UW, or vice versa. Freddie Mac Underwriting System is known as LP.


Where can one find more information about REFI mortgage rates?

There are many places one might go to find more information concerning REFI mortgage rates. The most reputable resource for individuals would be one's local financial institution.


If you are dismissed from a chapter 13 and have your mortgage reinstated can you refinance your home?

You can refi a day out discharging of bankruptcy depending on the situation.


If a husband and wife are both listed on the deed for a house can one refinance without the others knowledge?

no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house? no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house?


Can a felon refinance their mortgage?

Yes, all lenders are equal oppertunity lenders. It would be discrimantion if they did not let you refi based just on the fact that you were a felon

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What is refi and what does it stand for?

Refi is a slang term most oftentimes referring to the refinancing of a house. However, another was REFI is interpreted is a term of cardiology, which means Regional Ejection Fraction Index.


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Villes les plus peuplées du Pays de Galles mean: "the most populated cities in Wales".


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What does DU mean in the mortgage industry?

Consolidated from various online answers... DU stands for Fannie Mae's Desktop Underwriting System, used in replace or an addition of a human underwriter (UW) to qualify for a mortgage loan. DU can decline your file and once it's declined, it will appear on a national database that every underwriter will see. Recently, that terminology is used to describe one of the ways, to access the new loan products, that fall under the administrations efforts to help struggling, and not so struggling homeowners. The two new products Fannie Mae created, at the behest of the President, can either be run through this system, or not. If one can pass through DU underwriting, one is probably not so struggling, and the truly struggling have to be underwritten by a human UW, on the non DU Gov't suggested refi product. Some lenders have chosen to only refi the not so struggling owners, who the DU system approves, and not even bother to look at the non DU files. In some cases, one might not pass thru DU, and still be eligible with manual UW, or vice versa. Freddie Mac Underwriting System is known as LP.


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Your lawyer wont write letter to mortgage company about refi what to do?

Try to modify vs refi. You can get a much lower pymt that way & need no legal help.