1. ✓Property must have been purchased before May 2009.
   

2. ✓Fixed rates - 30 or 15 year
   

3. ✓No mortgage insurance needed
   

4. ✓No prepayment penalties
   

5. ✓Up to 125% of value can be refinanced

You can refinance if you have less than 20% equity, or if you owe more than your property’s current value. Whether it’s your primary residence, second home or rental property, there are options!