Refinance with the HARP Program
Refi with HARP Program
HARP Versus HARP 2.0
Millions of homeowners have found themselves in a real predicament when it comes to their home value, they lost it! The bursting of the housing bubble caused 11.1 million, or 22.8 percent, of all residential properties with a mortgage to have negative equity. An additional 2 to 3 million consumers have less than 5% equity. This is obviously a huge issue that has had rippling effects throughout the U.S. economy.
Home Affordable Refinance Program (HARP)
If your home’s value has dropped in the last few years, the Home Affordable Refinance Program, effectively known as HARP and HARP 2.0, has been designed to help bring what you owe and what you pay on your home more in line with its current value.
Choose a HARP Lender
How to choose a HARP lender?
Most consumers already consider refinancing a mortgage to be a worrisome and frustrating process. This perception is exacerbated when a new government program pops up, like the Home Affordable Refinance Program (HARP), which has left many eligible consumers with more questions than answers. Don’t worry, our comprehensive network of lenders will provide complete up-front disclosure of your options, but you should still do some homework on choosing a lender.
Surge in HARP Loans
Mortgage Rates Drop: Harp Loan Applications Surge
Mortgage interest rates continue to move deeper into record low levels this week. The most popular type of mortgage, the conforming 30-year fixed fell by 4 basis points to 3.70 percent. Conforming 5/1 Hybrid ARM rates dropped by 3 basis points to 2.78 percent. These rates are new record lows for both products.
The History of the Home Affordable Refinance Program (HARP)
The Home Affordable Refinance Program, better known by the acronym HARP, was created by the federal government to help stabilize the housing market, provide relief to homeowners, and add more money back into the economy. When consumers save money, they ultimately spend more money which allows the economy to expand.
Warning Signs That You’re Being Scammed
A mortgage is typically the largest financial transaction that most consumers will experience in their lifetime. Mortgage interest rates are at an all time low and many consumers are wisely taking advantage of the savings created by refinancing or securing themselves a lower than ever payment on the purchase of a home.