Have you heard about The Home Afforable Refinance Plan, but are not sure if it can help you?
If you've had difficulty refinancing in the last few years because of little to no equity or below average credit, then this program can be the answer.
In 2009, President Obama created this program (Home Affordable Refinance Program, aka HARP) which gives millions of homeowners who were previously left out of the market due to a lack of equity, the ability to refinance their homes and obtain lower interest rates and better loan terms.
Even though it has been extended a few times, the Home Affordable Refinance Plan is temporary and will end soon.
As you probably know, after the financial crisis, mortgage loans became extremly hard to qualify for. Lenders were forced to tighten their qualifying guidelines and hundreds of loan programs were eliminated.
By using the Home Affordable Refinance Plan, you will avoid the strict qualifying guidelines that apply to other loans.
The HARP Refinance Program does not require you to have equity in your property. That's right, you can even be upside down.
I am sure you are thinking…What's the catch?
There are some requirements, but they mostly have to do with when your current loan was put in place and who owns the note.
Where can you get a HARP Refinance loan?
Big banks that are currently holding the older, higher interest rate loans are in no hurry to pay them off as long a they are not delinquent. They often will not promote or offer a HARP loan as an option to you.
There are however, companies like ours, who work directly with the largest wholesale mortgage companies in the nation to offer these HARP loans to you.
In fact, we have been specializing in these HARP Refinance loans since they were created in 2009.
The Home Affordable Refinance Plan Does Not Require Any Equity Or Great Credit
If you are looking for a new home loan, consider using our HARP Refinance Program. You don't need any equity, perfect credit, cash reserves or a large amount of qualifying income.
This program is temporary and will end soon.
So what are you waiting for?
Are you ready to see how the Home Affordable Refinance Plan can help you?
Call: 800-607-1941 x220
Posted By: Brian Bush
* This program is also known as HARP Refinance, HARP 2.0, The President's Refinance Program, Obama Refinance Program, Home Affordable Refinance Program, Home Affordable Refinance Plan