HARP (Home Affordable Refinance Program)

By: Smart Mortgage Centers, Inc.  09/30/2015
Keywords: Home Purchase, HARP Loans, home affordable refinance program

Smart Mortgage Centers is pleased to offer HARP 2.0 refinancing solutions to qualifying borrowers. The Federal Housing Finance Agency (FHFA) recently proposed changes to the Home Affordable Refinance Program in an effort to better assist the needs of more American home owners. One of the biggest changes is that Fannie Mae is removed the maximum loan-to-value limit for Refi Plus loans. This update opened the doors to refinancing for millions of Americans who are currently underwater in their mortgages (owing more than their homes are currently worth). Who Should Consider a HARP Refinance Homeowners who have demonstrated an acceptable payment history. People who currently owe close to or more on their mortgages than the existing values of their properties. Product Highlights No maximum loan-to-value Down to a 620 & sometimes lower FICO scores Loans with current mortgage insurance are eligible Primary, investment, and second homes are eligible Eligible loans are Fannie Mae and Freddie Mac loans originated prior to May 31st 2009 Act now because HARP will expire on December 31st 2016.

Keywords: Chicago mortgage lenders, HARP Loans, home affordable refinance program, Home Purchase,

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4003 Plainfield/Naperville Rd., Suite 207,
Naperville, IL, 60564,

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