Since the beginning of the real estate bust back in 2007, millions of American’s lost value on their homes.
But with it now being 2015, huge numbers of those same people have regained a significant potion of that value back… Sadly, that doesn’t include everyone.
In 2009, Fannie Mae and Freddie Mac started a mortgage loan program known as HARP (Home Affordable Refinance Program) to help those people refinance into possibly lower interest rates to save money on their home loans.
Millions of people took advantage of the program, yet today, estimates still shows millions of others could, but have not yet refinanced under the HARP program.
A HARP refinance loan is a great way to get today’s low fixed mortgage rates!
This program allows more people to qualify under the flexible loan-to-value guidelines. Our clients love the low fixed rates and security of a HARP refinance.
Save money each month
Reduce Your Mortgage Payment
The two biggest requirements is that the current loan must have been done PRIOR to June 1, 2009, and that the loan is either a Fannie Mae or Freddie Mac loan. Who you make your payments to does NOT tell you if the loan is Fannie Me or Freddie Mac. Follow this link to see if Fannie Mae or Freddie Mac own your loan.
Next, understand that you can refinance with ANY lender, just just whomever you make payments to today. Furthermore, you usually get a better deal on the new loan with a new lender than you’d get using your current lender.
HARP loans are available in all 50 States. We are an approved HARP Lender for homes in Minnesota, Wisconsin, and South Dakota!