RefiNow ™.  A new way to refinance your home loan.  It’s Easy!

RefiNow™ is an affordable refinance option for homeowners who are interested in reducing their monthly housing costs by taking advantage of today’s low-interest rates. Available to borrowers at or below 80% of the area median income with debt-to-income ratios up to 65%, RefiNow offers features that help address some of the barriers to refinancing and is a great option for creditworthy borrowers who may not have previously qualified.

Introducing a new money-saving program from Fannie Mae and The Richard Woodward Mortgage Team, created for homeowners with qualifying income that includes those whose incomes have been affected by COVID-19.

RefiNow™ brings you the latest refinancing possibilities to 2 million homeowners nationwide. These eligible individuals can save as much as $3,000 per year–or hundreds less than what they are currently paying on their mortgage!

What would happen if your monthly payments were slashed? Imagine saving 6 months’ worth of bills in one month’s time or having all this extra cash at your disposal! But how do I sign up for these savings opportunities? It couldn’t be easier: just take 15 minutes out of your day and refinance with RefiNow, which is possible through The Richard Woodward Mortgage Team.

– Refinow™

– Easier than you think

– Get a lower monthly payment now with RefiNow!

– A new way to refinance your home loan. It’s Easy!

Start your pathway to saving now with our free online application.

The benefits of refinancing are plentiful: a lower monthly payment, increased cash flow to spend on other expenses such as savings or vacations, the ability to put money into savings that will help create family wealth.

We’ll help you figure out your refi eligibility during the refinance process and if refinancing is a good option for you.

You have applied for a refinance during the recent drop in interest rates but you may have been turned down. It is still not too late to take advantage of those low rates.

RefiNow™ helps make homeownership more sustainable in your community.

With interest rates required to be reduced by a minimum of 50 bps, waived adverse market refinance fee for loans at or below $300,000 and a monthly savings requirement of $50 – Refi Now is on the job helping you reduce debt while also making it easier and less expensive to stay grounded.

RefiNow addresses up-front costs

The availability of appraisal waivers or a $500 credit* helps borrowers to start saving up! The Richard Woodward Mortgage Team has also partnered with title companies and insurance companies to lower your cost at closing.

You may qualify for a RefiNow™ refinance option if you meet the following requirements:

• Your current mortgage is a single-family home and the loan is secured by Fannie Mae.
• Current income at or below 80% of area median income.
• You have not missed payments on your current home mortgage in the past 6 months, and no more than 1 missed payment in last 12 months; and
• Your debt to income ratio can be up to 65%, with a 620 credit score.
• You can borrower up to 97% of the value of your home.

*Credit will be provided in the form of a $500 Lender paid credit at closing if an appraisal was obtained for the transaction.