Hello Friend:
Our mission is to provide hope and solutions for struggling homeowners. If you are having difficulty maintaining your monthly mortgage or you just want out of your house, we have solutions that will work for you. Whatever your situation, we can provide you with a free, no obligation consultation. We will treat your situation with the utmost respect and sensitivity.
What is HARP?
HARP (Home Affordable Refinance Program) is a government program designed to help you get a new, more affordable, more stable mortgage. If you’re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, the HARP program is for you. Is your home “underwater” or worth less than when you bought it? If the answer is yes, you’re not alone and We would like to help you get a more affordable loan with the HARP program! Through HARP 2.0, the government relaxed the requirements so more borrowers could participate in the program.
Do I qualify?
If your loan was closed on or before before May 2009, and your loan is with Fannie Mae or Freddie Mac, then you’re in luck. It’s as simple as typing in your name and address after following the links below to find out if Fannie Mae or Freddie Mac originated your loans.
What other qualifications are there?
You must be working with qualified income and have acceptable debt ratios. If you are a salaried employee you will need to supply paystubs and if you are self-employed, you will need to supply a minimum of one year tax returns. If you are using your own funds for closing costs, you will need to verify those funds through bank statements. While there is no minimum credit score requirement, you cannot have more than one late mortgage payment in the last 12 months, and no late mortgage payments in the last six months.
What if my property is an investment? Or recently for sale?
Investment properties are eligible for the program. Additionally, one to four units, second homes, condos, PUDs, manufactured housing, and those recently listed for sale can be considered.
What if I have mortgage insurance?
Mortgage insurers have agreed to make it much easier to transfer existing mortgage insurance coverage, which has blocked many borrowers from refinancing.
What if I have a second mortgage?
Borrowers with a second mortgage, such as a home-equity loan, need the mortgage owner to agree to “re-subordinate” the loan before refinancing the first mortgage. Federal officials say the largest lenders have agreed to automatically re-subordinate all second mortgages under HARP.
So don't delay. Leave your contact information below and we will get in touch with you immediately.
Martha Shanks
Mortgage Consultant (NMLA #28187)
Mortgage Capital Partners
626-282-1164
Peter Stamison
Realtor/Advisor (DRE #01416630)
Power Brokers International
818-439-3052
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