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Refinance now before HARP is no longer available!

There has never been a better time to refinance your home because of a government program called the Home Affordable Refinance Plan (HARP) which allows Americans to refinance their homes at shockingly low rates as well as reduce their payments by as much as $4,905 a year.

Unfortunately, this program is likely temporary, but once you’re in, you’re in. If you are thinking of a lower payment, fewer years on your mortgage, and even taking some cash equity out of the deal, the time to act is right now.

The Home Affordable Program is targeted to the middle class. If your mortgage is $625,000 or less, you most likely qualify.

The Government wants banks to cut your rates, putting more money in your pocket in an attempt to further stimulate the economy.The banks aren’t too happy about this, and here’s why: you can shop various lenders, not just your current mortgage holder, and your home’s Loan-to-value (LTV) can be 80% to 125%.

Banks want you to keep your higher rate

Banks would rather keep you at the higher rate you financed at years ago and that’s why the pressure is on, timing wise.

If your mortgage rate is currently higher than 3.11%, you can greatly benefit:

  • The average monthly savings is $250.
  • Many homeowners not only save dollars monthly but also depending on their current rates, they can also shorten their term.
  • Because the rates are so low, many homeowners also opt to take a little cash equity.

To find these rates there are a few free refinance comparison websites out there that will compare mortgage rates for consumers, allowing them to choose the best one. But make sure you act quickly!


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