What does DU refi plus mean?

DU Refi Plus is a program from Fannie Mae that facilitates streamlined refinancing for existing Fannie Mae borrowers. It allows homeowners to refinance their mortgages with fewer documentation requirements, making the process quicker and more accessible. This program is especially beneficial for those looking to take advantage of lower interest rates or to access home equity without extensive paperwork. Overall, DU Refi Plus aims to simplify refinancing and promote homeownership stability.