619.316.7445 Rachell Lara Real Estate Consultant http://sandiegopropertyvalue.com/
† May refinance under HARP again if you refinanced through HARP between March and May 2009.
San Diego is Your Mortgage Upside Down?- Underwater Mortgage Solutions
Wish you could advantage of these low interest rates and don't think you can because you are upside down on your mortgage?
If your home is "underwater" and you've been turned down for a loan modification or refinancing, there's good news. You may qualify for refinancing under the new, enhanced Program: HARP 2.0.- Eligible to refinance, regardless of whether you have a previous HARP refinance. †
- Streamlined appraisal process.
- Eliminates or reduces some refinancing fees.
- Refinance to a lower rate, even if you owe more than what your home is worth.
† May refinance under HARP again if you refinanced through HARP between March and May 2009.
Joe Feinhandler, Executive Mortgage Planner at Best Equity shared with me how he was recently able to save one of his clients $750/month when he refinanced her underwater mortgage through the HARP program. What could you use that money for? Bolster your saving, pay for college, a car? $750 savings per month is substantial.
To qualify for HARP 2.0:
To qualify for HARP 2.0:
- Your mortgage must be backed by FannieMae or Freddie Mac.
- You may have no more than one skipped payment in the last 12 months (no skipped payments in the last 6 months).
A home equity loan is a secured loan paid in one lump sum based on the amount of equity you have in your home. Your home is used as collateral for such loans.
ReplyDeleterefinance mortgage