The following are the guidelines under which you can refinance with me (Ted Canto aka The Mobile Mortgage Pro). You can contact me for more info.

1. HARP 2.0
ACTIVE GUIDELINES FOR 3/20/12
COPYRIGHT 2011 TED CANTO, ALL RIGHTS RESERVED. NMLS #1820. ACADEMY MORTGAGE BY THE ARIZONA DEPARTMENT OF FINANCIAL INSTITUTIONS & DEPARTMENT OF CORPORATIONS UNDER
THE CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT. THIS PRESENTATION IS NOT A COMMITMENT TO LEND. CREDIT ON APPROVAL. NOT A BANK ACCOUNT. NO BANK GUARANTEE.
PAYMENTS, DRAWS, TERMS AND VARIANCE IN RATE WILL AFFECT LOAN PAYOFF AND INTEREST SAVINGS. CREDIT ON APPROVAL.
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2. GENERAL DU REFI PLUS
INFORMATION Identify which loans are owned by
: DU FNMA:
www.fanniemae.com/loanlookup/
RESOURCE
CENTER: resource_center@fanniemae.com (48 hr
Turn Time)
Call- 800-732-6643 8 A.M – 8 P.M. EST
FAQ’s: https://www.efanniemae.com/sf/mha/mharef
i/pdf/refinancefaqs.pdf
The loan must have been closed and committed /
delivered to a FNMA Pool no later than May 31.
2009 in order to qualify for a DU Refi Plus loan.
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3. GENERAL OPEN ACCESS
INFORMATION
: LP
Identify which loans are owned by Freddie Mac:
https://ww3.freddiemac.com/corporate/
The loan must have been closed and committed /
delivered to a Freddie Mac Pool no later than
May 31. 2009 in order to qualify for a LP Open
Access loan.
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4. INELIGIBLE Existing loan delivered to Fannie Mae or Freddie Mac on
LOANS and or after 6/01/09
Any loan currently in default
Existing loan is a government loan
Existing loan is a reverse mortgage
Existing loan is not a 1st lien
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5. ELIGIBLE
BORROWER DU (Approved/Eligible) or LP (LP/Accept) required:
Borrowers must have at least one benefit outside of DU or LP
as follows:
Lower Payment
More stable product (ARM to fixed)
Interest Only to Fully Amortized
Shorter Term from (30 to 25), (25 to 20) and (20 to
15)
(15 year >105% LTV not available until 6/1/12)
Subordinate Liens
Existing subordinate liens may NOT be paid from
proceeds. Lien must be
re-subordinated.
No new subordinate liens.
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6. MAXIMUM LTV
AND LOAN
AMOUNT
• LTV  Loan Amount
– Unlimited- all ◦ Conforming and
occupancies and
property types Conforming/High-Balance
permitted.
• CLTV
– Unlimited  New loan is the sum of:
◦ Payoff of 1st lien + 30 days
• HCLTV of interest +Closing costs
– Unlimited (including pre-paids)
◦ Cash back: $250
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7. ELIGIBILITY:
OCCUPANCY &
PROPERTY • 1-4 family primary residence
TYPE • Second home
• 1-4 family non-owner
• Condos & CondoTels
• PUDs
• Manufactured Housing
• DU: No limit to the number of financed
properties
• LP: Maximum of 4 financed (1-4 unit
properties) when the subject is an
investment property or 2nd home.
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8. DOCUMENTATION • As required by DU or LP
AND RATIOS
– Salary/Hourly/Bonus:
• Verbal VOE plus YTD paystub
– Self Employed/Commission
• 1 year tax return
• 4506 required
• Asset verification only required if borrower
paying from their own funds to reduce balance
and/or cover closing costs
• DU or LP determines acceptable ratios
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9. CREDIT • Credit Score
– No minimum credit score required.
• Mortgage History
– DU: Mortgage must be current.
– LP: Mortgage must be current
– LP: 0x30 (1-6 months) 1x30 (7-12
months)
• Prior BK or Foreclosure
– Standard Fannie Mae or Freddie
Mac guidelines.
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10. MORTGAGE
INSURANCE
• Existing loans with buyer & lender paid MI are eligible.
– Review DU or LP findings to establish MI Company
– Provide mortgage statement showing MI Company
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11. TOP
QUESTIONS • Unlimited LTV/CLTV/HCLTV With an Approve/Eligible in DU
FOR DU: • Financing with MI Available on loans with existing MI.
• No Minimum Credit Score
• High Balance Loans Available at TODAYS high balance
limit
• All Occupancies Accepted Owner Occupied / 2nd Hm / Non
Owner
• Currently Listed for Sale Available (document listing has been
cancelled, no seasoning)
• Appraisal Requirement #1004 Appraisal or PIW (property
inspection waiver) honored if received w/ DU
findings.
• Rate/Term only Max cash back $250
• Max # of Properties Owned Unlimited
• Full Documentation Required Per DU findings
• Condo Requirement Insurance is required:
(Haz/Liab/Fidelity/Walls In)

12. TOP • Unlimited LTV/CLTV/HCLTV With an LP Open Access
QUESTIONS Accept
FOR LP: • LP Open Access Accept No manual underwrite
• Financing with MI Available on loans with
existing MI (Triad is not available)
• No Minimum Credit Score
• Mortgage Lates 0x30 1-6 months / 1x30 7-12
months
• High Balance Available at TODAYS high
balance limit
• Field Review ‘May’ be required over 105%
LTV
• All Occupancies Accepted OO, 2nd HM, NOO
• 4506 Form and Audit Required
• Rate/Term Only Max cash to borrower cannot
exceed $250
• Full Documentation Required Per LP Findings
• Appraisal Waiver Honored 1-2 Units All Occupancies-
HVE (Home Value Explorer) value on LP
Findings can be used, but if lower, LP must be
rerun or appraisal requested

13. FOR ADDITIONAL
INFORMATION:
Please contact me!
Ted Canto
ted@tedcanto.com
Direct: 480.650.8602
Office: 480.344.3671 Fax: 480.374.6958
Go to my blog ! www.tedcanto.com
Academy Mortgage
5304 East Southern Ave #101 Mesa, AZ 85206
NMLS #: 228393 *AZ MB License: 0904081* National NMLS #: 3113
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