Low Interest Rates!!
If you are current on your Fannie Mae or Freddie Mac mortgage and the value of your home has declined dramatically, you may be eligible to refinance through HARP. The HARP loan is a new 30 year fixed rate loan that can be completed even if you property has no equity in it. An appraisal is not required.
You may be eligible to apply if you meet all of the following:
• You have a mortgage owned or guaranteed by Fannie
Mae or Freddie Mac. • You are current on your mortgage payments and have
not been more than 30 days late in the last 12 months.
• The refinance will improve the affordability/stability
of your mortgage payment. • You are employed and have the ability to make the
new payment. • You have not refinanced through the HARP program before.
• The existing mortgage must have been sold to Fannie
Mae or Freddie Mac on or before May 31, 2009.
Homeowners can determine if they have a Fannie Mae or Freddie Mac loan by going to:
http://www.FannieMae.com/loanlookup/ or call 800-7FANNIE (8 am to 8 pm ET)
https://ww3.FreddieMac.com/corporate/ or 800-FREDDIE (8 am to 8 pm ET)
If your loan does show up on one of the lists, contact us immediately so we can prepare a loan quote for you. If it does not, we may still be able to help. There are several other government sponsored refinance programs that you may be eligible for.
Not available during working hours?? Complete the online mortgage analysis request and receive a quote emailed to you first thing on our next working day.