Total Mortgage Offers DU Refi Plus(TM) to Streamline Mortgage Refinancing for Homeowners

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As a broker and a lender, Total Mortgage Services is looking forward to the opportunity to assist their clients by lowering their mortgage rate and their monthly mortgage payments with the help of the recently released, DU Refi Plus™. DU Refi Plus™ is expected to reignite the housing industry by loosening underwriting guidelines and allowing LTVs up to 105%. By offering DU Refi Plus™, Total Mortgage Services recognizes that the combination of reduced documentation requirements, decreased credit score acceptability and historically low interest rates have created the perfect opportunity to benefit hard-working homeowners who continually pay their mortgages on time and want to keep their homes, while continuing to realize the American dream.

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because of the rapidly declining property values across the country, one of the most crucial aspects of DU Refi Plus™ is that it does not mandate mortgage insurance on refinance loans if the existing mortgage loan does not require it. DU Refi Plus™ will make a huge impact on the housing industry by saving American homeowners millions of dollars.

As a broker and a lender, Total Mortgage Services is looking forward to the opportunity to assist their clients by lowering their mortgage rate and their monthly mortgage payments with the help of the recently released DU Refi Plus™ . DU Refi Plus™ is expected to reignite the housing industry by loosening underwriting guidelines and allowing LTVs up to 105%. By offering DU Refi Plus™, Total Mortgage Services recognizes that the combination of reduced documentation requirements, decreased credit score acceptability and historically low interest rates have created the perfect opportunity to benefit hard-working homeowners who continually pay their mortgages on time and want to keep their homes, while continuing to realize the American dream.

Fannie Mae's newest version of Desktop Underwriter® DU Refi Plus™ will help homeowners by lowering their monthly mortgage payments, or by alleviating the possibility of foreclosure altogether. The simplified approach to underwriting within DU Refi Plus™ greatly reduces the required documentation, enabling lenders to generate additional mortgage refinancing. Coupled with historically low mortgage rates, Total Mortgage Services and DU Refi Plus™ will benefit American homeowners with this once-in-a-lifetime mortgage refinancing opportunity.

While encouraged to reduce the monthly principal and interest payments for existing homeowners, lenders are also obligated to make an effort to provide a more permanent product for their borrowers, such as replacing an adjustable-rate mortgage (ARM) with a fixed-rate mortgage. Furthermore, by providing additional liquidity in the housing market through unconventional underwriting assessments, the objective of DU Refi Plus™ is to overcome the barrier facing Americans hoping to refinance. DU Refi Plus™ demonstrates Fannie Mae's effort and contribution to stabilize the housing industry through mortgage refinancing. As a lender and a broker, Total Mortgage Services is committed to this effort, as well.

Brian Faith, Managing Director of Communications for DU Refi Plus™ recently stated, "DU Refi Plus™ will streamline the underwriting of refinance transactions for potentially millions of current mortgage holders … the company will be able to identify an existing Fannie Mae loan and review the performance history. This will allow lenders, regardless of the servicer, to enjoy expanded refinancing business opportunities and streamlined processing…" John Walsh, President and CEO of Total Mortgage Services, recently said, "because of the rapidly declining property values across the country, one of the most crucial aspects of DU Refi Plus™ is that it does not mandate mortgage insurance on refinance loans if the existing mortgage loan does not require it. DU Refi Plus™ will make a huge impact on the housing industry by saving American homeowners millions of dollars."

For additional information on DU Refi Plus™, including highlights, restrictions and updates, visit DU Refi Plus™. For an interactive blog on DU Refi Plus™, powered by Total Mortgage Services, visit DU Refi Plus Blog. Along with the recent release of DU Refi Plus™, the availability of the mortgage refinancing program is determined by individual mortgage lenders.

About Total Mortgage Services, LLC:
Total Mortgage Services has been a mortgage broker and lender since 1997, funding more than $4 billion in mortgage loans. Total Mortgage Services, LLC specializes in mortgage refinancing, while offering some of the lowest current mortgage rates on conforming fixed-rate mortgages, jumbo mortgages and FHA mortgages in CA, FL, NJ, NY, MA, TX and other states. Total Mortgage Services, LLC is proud to provide convenience, exceptional customer service and the integrity of a community lender.

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