The Home Affordable Refinance Program (HARP) is a federal program set up by the Federal Housing Finance Agency in March 2009 to help underwater and near-underwater homeowners refinance their mortgages. HARP loans are designed to allow responsible homeowners whose payments are current to take advantage of lower mortgage rates and payments, even if they owe as much or more on their homes than their current worth. When you refinance with Cliffco Mortgage Bankers, your Long Island mortgage banker, you’ll be able to begin the mortgage refinancing process and obtain a government-backed HARP loan with speed and ease.
With HARP homeowners could save money as we help them meet your financial objectives. According to Fannie Mae, HARP clients save an average of $250 a month! That’s money that can be put toward the things your family needs. It could even be used to pay off your home faster.
Even if you’ve been unable to refinance in the past or have a low credit score, you still may be able to save with HARP – and with minimal paperwork or verifications. You may not even need an appraisal or new PMI!
Here are the HARP qualification requirements:
- The current mortgage must be owned by Freddie Mac or Fannie Mae.
- The loan must have closed on or before May 31, 2009.
- There have been no late mortgage payments made in the previous 12 months.
To learn more about HARP loans and get started today on refinancing your mortgage, contact our Cliffco Mortgage Bankers loan specialists at (516) 408-7300 or email firstname.lastname@example.org. We are licensed in New York, New Jersey, Pennsylvania, Connecticut, Florida, Texas and the US Virgin Islands. Each one can help answer any questions you might have, guiding you every step of the way. We look forward to hearing from you!