ATLANTA, Jan. 18, 2013 /PRNewswire/ -- DU Refi Plus || HARP 2.0 (Home Affordable Refinance Program) -- Primary Capital has expanded the guidelines on its DU Refi Plus program. Newly updated parameters for Owner Occupied properties include a 150 LTV, Unlimited CLTV and 620 minimum FICO score. Second Homes allow a 150 LTV, Unlimited CLTV and 680 minimum FICO score. Investment properties allow a 105 LTV, 110 CLTV and 680 minimum FICO score. Primary Capital will also accept MI transfers from MGIC, UG, Radian and GE.
By offering DU Refi Plus™, Primary Capital has effectively reduced documentation requirements and lowered minimum FICO scores. Historically low interest rates have created an ideal opportunity for homeowners to lower their monthly mortgage payments by participating in this innovative program. The simplified approach to underwriting greatly reduces the required documentation, enabling Primary Capital to generate additional mortgage refinancing.
George Phelps, president of Primary Capital, recently stated, "The new guidelines on Primary Capital's DU Refi Plus™ will streamline the underwriting of refinance transactions and provide our customers with the ability to make a mortgage work for them. This program allows Primary Capital to provide expanded refinancing opportunities and streamlined processing."
For additional information on DU Refi Plus™ visit www.durefiplus.com.
About Primary Capital Advisors LC
Primary Capital Advisors LC has been a mortgage lender since 1994. Headquartered in Atlanta, GA, the company currently provides mortgage loans across the Southeast. Primary Capital Advisors LC specializes in both wholesale and retail mortgage lending and is proud to be a FNMA and FHLMC Seller Servicer and a GNMA issuer. The company continues to provide innovative products, exceptional customer service and unmatched integrity within the industry. For more information, visit www.pcmexpress.com, Email firstname.lastname@example.org, Call Direct (678) 298-0201 or Toll-Free (800) 540-4388.
SOURCE Primary Capital Advisors LC