Hippo Financial is a residential mortgage lender in the state of MI, and TX.

Mortgage Alert – Updates to FNMA Refi Plus as of 03/09/2012

Great news from FNMA and FHMLC! Both Fannie and Freddie had decided to roll out HARP 2.0 on March 19^th 2012. The biggest and most important change is the loan to value guideline can now go up to infinity, as opposed to being stuck at 125% of the value of the home. This opens a large door for many Michiganders and Texans to now jump in with both feet and lower their rates, terms, payments and over all interest they owe with their current mortgage agreement. Please call your favorite Hippo for details as we are already accepting new applications for HARP 2.0. We can still be reached at 877-630-7730. We thank you Hippo Nation and look forward to helping you drive down your payments! Click here for more information on the Making Home Affordable Program.

“I chose Hippo Financial to shop for the best mortgage that would fit the needs for my wife and I and it was one of the best business decisions that I have ever made. They were fast, accurate, and led me through the process efficiently. They made me feel important and provided superior customer service like returning all of my calls and emails immediately. They also assisted in guiding me through the process of buying a new home and all of the details that I should be concerned about. I will absolutely recommend my peers and colleagues to Tom and Hippo Financial. They are a first class organization that cares about their clients’ needs and concerns.” – Daniel G.

• 30-Year Fixed-Rate Mortgage: The payment on a $175,000 30-year Fixed-Rate Loan (360 payments) at 4.00% and 80% loan-to-value (LTV) is $835.48. The Annual Percentage Rate (APR) is 4.127%. Payment does not include taxes and insurance premiums.

• 15-Year Fixed-Rate Mortgage: The payment on a $175,000 15-year Fixed-Rate Loan (180 payments) at 3.5% and 80% loan-to-value (LTV) is $1,251.04. The Annual Percentage Rate (APR) is 3.627%. Payment does not include taxes and insurance premiums.

• Adjustable-Rate Mortgage: The payment on a 30-year $175,000 5-year Adjustable-Rate Loan at 2.75% and 80% loan-to-value (LTV) is $714.42. This loan has 360 payments. Payment does not include taxes and insurance premiums. The Annual Percentage Rate (APR) is 2.877%. Rate is variable.