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Refinance Now and Save!

by The Hat Team

Sadly, one of the best mortgage programs in our country will cease to exist at the end of December, 2018.  An extremely generous government refinance program called HARP (Home Affordable Refinance Program) is in its final days. It was launched by the US Government during the Obama administration in an effort to assist middle class home owners by offering lucrative access to lower interest rates and reduced payments amidst the Great Recession. Through HARP, you can not only get a lower interest rate, but you can also get a shorter loan term, or change from an adjustable to a fixed-rate mortgage. And guess what?  There is NO minimum credit score required!  

Take advantage of this fantastic program now, before it’s too late…and here is why: the savings you will gain from participating in this program could rival your best investment. Talk about a great deal! Here are some numbers for you: if you are younger than 50, you are restricted to $18,500 in annual 401K contributions.  A contribution in that amount would yield around $2775 in tax relief for the average American.  But HARP could save you $2400 per year - which would leave you with more cash to invest in your 401K.

This program is geared toward America’s middle class.  Only mortgages under $625,000 qualify.  But if you want to take advantage of it you must apply immediately before time runs out.  Reach out to lenders and find out if you qualify by just answering a few questions. The LendingTree platform will allow you to receive quotes from multiple lenders.

Give yourself the gift of extra cash in your pocket this holiday season!  Check out HARP today! 

If you are in the market to sell or buy a home, let Sandra Nickel and her Hat Team of professionals assist you with all your real estate needs!  Call them today at 334-834-1500!

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Home Affordable Refinance Program

by The Hat Team

If your loan was “sold” to Fannie Mae or Freddie Mac prior to June 1, 2009, you may qualify to refinance your mortgage without an appraisal—and you don’t have to worry about the value of your home either!

Determining if your home qualifies

  • Call me with your property address and I will check Fannie/Freddie’s website
  • Your current home, rental property, second home qualifies
  • If you have a 2nd mortgage, the 2nd mortgage holder must agree to “subordinate.”

What you will need to apply

  • Estimate of the current value of your home based on comps from a real estate agent
  • 30-days’ worth of paycheck stubs
  • Bank statements
  • Decent credit scores
  • Copy of driver’s license
  • Private Mortgage Insurance (did you have to include on your original loan?)
  • Copy of title policy
  • Copy of homeowner’s insurance policy

What is “unknown”

  • Fannie/Freddie may require additional documents once the file is submitted to underwriting
  • You may have to bring money to closing
  • How long it will take to process your loan
  • Fannie/Freddie may determine whether or not you will need an appraisal.

What are the benefits?

  • Lower interest rate
  • Decrease in the number of years left to pay off your mortgage
  • No appraisal required (if determined by Fannie/Freddie)
  • PMI insurance may decrease or be eliminated.

There is a huge window of opportunity for you to take advantage of a lower interest rate and reduce the number of years on your mortgage, with lower closing costs.  Call me to see if you qualify! 


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Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit


You can reach Sandra by filling out the online contact form below or give her a call anytime.

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