HARP Alliance is here to help with the Home Affordable Refinancing Program

The Home Affordable Refinancing Program is being offered to on-time mortgage holders looking for lower interest rates.

Irvine, California, (TBD) – The recently announced Home Affordable Refinancing Program has been welcome news for home owners seeking help with high interest rates on underwater mortgages. But many home owners are confused about how to navigate the eligibility requirements and the application process.

The HARP alliance was created to help confused home owners understand what they need to do in order to see if they qualify. Home owners seeking a HARP loan can visit www.harpalliance.com and fill out an easy on-line form to see if they meet the eligibility requirements to procure one of the Obama refinance loans.

In order to meet eligibility requirements a person must be current on their mortgage. The mortgage must have been originated before May 31, 2009 and be serviced by Freddie Mac and Fannie Mae. Another key eligibility requirement for the HARP loan programs is that there must be a history of on-time payments with no late payments in the previous six months.

The HARP loan program is available without any application fees. There also is no need to have the home re-appraised as the values will be determined by the current loan amount and other contributing factors. Home owners will also happy to know that these HARP loans come with record low interest rates and will be given to all types of properties and occupancies.

President Obama and his administration created this program to reward the American home owners who have decided to stay in their houses and honor their mortgage loan commitments. These are the people who have been protecting home values while others have decided to abandon their commitments and their homes. The Obama home refinance program is a way for the government to say thank you for being a loyal and honorable person.

The HARP Alliance saw the need to help these home owners get the help they need in order to secure and Obama home affordable mortgage program. While HARP alliance is not affiliated with the US government they are experts in HARPS loans and can help lead the underwater home owner to higher ground.

About HARP Alliance:

Based out of California, HARP Alliance has seen the need in the current economic times and the hardships of home owners to create a place where home owners can go to save money and their homes. HARP Alliance is an organization that aims to help people get the information they need to save money and refinance their homes.

HARP Alliance has a team of experts who are ready to help underwater home owners navigate the treacherous waters of the Obama housing plan. The HARP Alliance team will help people with everything they need to get them qualified for the program.

When a HARP Refinance Can Help

The Obama administration has done a lot of things to try to improve the economy and stop the rash of foreclosures occurring in the real estate market. As part of this initiative, many programs were put into place. One of these programs is the HARP refinance program.

The HARP program is a refinance option that can make your payments much lower by taking advantage of the new low interest rates. However, the program is not available for everyone. There are certain situations in which HARP loans can help you.

The Obama refinancing plan was developed to help home owners whose homes had dropped in value. When your home is not worth what you owe on it, you cannot qualify for a regular refinancing option. Obama supported this plan because it rewards responsible home owners. It also reduces payments, making it more likely that good payment histories can continue and not end in foreclosure.

In order for you to take advantage of HARP refinancing program, you will need to have a good payment history for twelve months. This means that you cannot have any payments that were thirty days or more late in the last six months, and only one such late payment within the previous twelve month period. If this does not apply to you, you should look into other programs put in place by the Obama administration to try to avoid foreclosure.

Another piece of the puzzle is that your home loans must be owned by Freddie Mac or Fannie Mae. Your loans are likely serviced by another company, but the owner of the loans should be one of these two entities. If you are not sure about who owns your loans, check with the Making Home Affordable government website for details about how to find out.

Finally, in order for you to be able to take advantage of Obama mortgage reduction program you will need to be working with a loan servicer that offers this option. Not all of them offer these programs, so it is important to ask. If your loan servicer does not work with these programs, you may still be able to take advantage of a HARP loan.

In these cases where you are eligible in all other ways for a HARP loan, you can sometimes find companies that work with these programs and can help you even though your loan servicer cannot. These companies can cut through the red tape and help you understand your options through the HARP loans. If you think you might qualify for a Home Affordable Refinance Program, you should contact our office at HARP Alliance. We can help you make sense of the regulations surrounding these loans and help you apply for them so that you can lower your payments and save your home.

The Importance of Applying for HARP Loans Now

The Home Affordable Refinance Program helps families stay in their homes by reducing their mortgage payments. However, it is important that you act now to apply for these loans. Waiting may be detrimental to your plans. And, if you wait too long and something goes wrong, you may not be able to qualify for it.

It is very important that you apply for a HARP loan as soon as you see the need to have your mortgage payments lowered, before you are struggling too much to make them. In order to qualify for a HARP refinance, you must have no late payments within the previous six months, and only one in the previous twelve months. Therefore it is important that you act before you reach the point where you cannot make your payment within the thirty day grace period.

There are many reasons why you might need your mortgage payments lowered in today’s economy. You may have lost your job, or have become underemployed. You may be going through a separation or divorce and suffered a loss in income due to the situation. Or, you may have become ill or disabled and lost income.
However, typically there is some warning that these things are going to happen or that they are going to effect your ability to repay your mortgage payments on time. Even if you only have two or three weeks before your next payment is due, that could be enough time to get you refinanced for a lower payment while you still qualify.

If you discover that your home is no longer worth what you owe on it, you should definitely take advantage of lowering your monthly payments anyway, whether you are in risk of losing your home or not. Interest rates may not stay this low forever, and you should take advantage of them while you can. This is one of the reasons for the Harp refinance, is that he wanted to reward home owners for staying in their homes and making their payments even when it no longer made financial sense to do so.

If you aren’t sure about whether or not you can qualify for a HARP loan, you can contact HARP Alliance for assistance. They can inform you of eligibility requirements for the loan and see if you prequalify to go through the application process. They can also guide you through the application process, helping you with each step of the way to make it go as smoothly and quickly as possible to help you keep from losing your home. Regardless of your reasons for needing to refinance, let the HARP refinancing program work for you to lower your payments, save your credit history, and avoid foreclosure.

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Save Your House with HARP Refinancing

 

The United States government has created the Home Affordable Refinance Program or HARP refinance program to assist home owners who have maintained their monthly mortgage payments even if their house is underwater.

Irvine, California, (TBD) – Over the last several years homeowners across the country have watched as their home values have dropped by hundreds of thousands of dollars. Many of these people abandoned their homes while others have stood strong on the face of adversity. For the home owners who honored their commitments there wasn’t much help available until the Home Affordable Refinance Program was created by President Obama.

Thanks to the Obama refinancing plan people who have stood by their sinking homes can get help by applying for a government program called Home Affordable Refinance Program. The HARP program is designed to help people who have houses valued less than their mortgage and who are current on their payments.

In order to qualify for the HARP program a home owner will need to have a mortgage serviced by either Freddie Mac or Fannie Mae that was originated before May 31, 2009. The HARP loans are only available to people who have a good history of payments and are current on their recent payments.

The Obama refinancing plan will not require the home owner to have their house appraised. The values will be determined by a number of factors relative to the area where the home is located. The Obama refinancing plan is available for all property types including condos, single family homes, and multi-family homes.

People interested in learning more about the Home Affordable Refinancing Program should visit http://www.harpalliance.com/. The website has various sections that will allow a person to check their eligibility, fill out application to pre-qualify for the HARP program, and plenty of information a home owner will need.

About HARP Alliance:

Based out of California, HARP Alliance has seen the need in the current economic times and the hardships of home owners to create a place where home owners can go to save money and their homes. HARP Alliance is an organization that aims to help people get the information they need to save money and refinance their homes.

HARP Alliance has a team of experts who are ready to help underwater home owners navigate the treacherous waters of the Home Affordable Refinance Program. The HARP Alliance team will help people with everything they need to get them qualified for the program.