HARP ProgramHarp Refinance Program (HARP) – How It can Benefit You

October 1, 2014by Darryl Bledsoe

Your home declining in value will not prevent you from refinancing the mortgage and enjoying affordable payments under the HARP program. If you desire to refinance but do not qualify under the traditional loan parameters because of the low value of your home, then the Home Affordable Refinance Program presents a viable option for you. If you reside in Los Angeles California, give us a call and let us guide you through the Home Affordable Refinance Plan.

The HARP program is a federal government funded initiative that was designed to assist homeowners whose home loans are underwater. Since the program has been extended to 2015, you now have additional time as a homeowner, to refinance your mortgage. Just visit our offices and talk to any one of our mortgage experts who shall analyze your situation and guide you on your way forward.

How HARP Refinance Program Benefits You

A harp refinance program will provide you with a number of gains that will enable you to stabilize your difficult financial position. A benefit to the program is the opportunity to change your adjustable-rate home mortgage to a fixed-rate home mortgage loan. Another benefit is that you get to pay much less for your monthly installments. You will also be able to reduce the interest rate on your mortgage and the length of time you will take to make payments for your property.

The precise benefits you stand to gain will depend on your goals and finances. Please consult our mortgage loan professionals to get guidelines on how a harp 2.0 refinance program loan may convert you current mortgage into something that is appropriate to your financial situation.

Determining Your Eligibility for HARP Refinance 2014

Our experts will guide you and help you fulfill the terms which you need to qualify to get a refinance for your loan. Among the basic requirements are that you have to be current on the existing loan repayments and have a good repayment history within the last twelve months.

Your current home mortgage must be owned or guaranteed either by Freddie Mac or Fannie Mae. We also have to prove that the harp refinance loan will clearly benefit you as a borrower. The evidence required is that you will be getting a lower interest rate, you shall be reducing the term of the loan or you will be locking in on a fixed rate loan.

To be eligible, you must prove you have an income that shall cover payments for the remaining period and also that your loan amount due should be at least eighty-one percent of the present value of your property.

New and, better terms, keep coming up and the latest is the harp refinance 2014 version. The sooner you visit us, the faster we can get you to enjoy the benefits.

How to Apply for a HARP Loan

You are required to have certain documents ready once you make a decision to apply for a HARP Loan. These include your payment stubs or proof of income for the past 30 days; your tax return records for the last two years and your last two months bank statements. You also need to author a hardship letter explaining the difficult financial situation you are currently going through.

A brief analysis of the current debts you owe and a valuation of your property including details of your current mortgage are other items of information may also be required. If you need to learn more, simply fill out our online form or give us a call. Our loan officers are available to answer any questions you may have.


Harp Refinance Program (HARP) – How It can Benefit You
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