While the White House had declined to comment on how many homeowners will benefit with HARP 2.0 plan at the time of making such announcements, the FHFA had stated that over 1 million borrowers may qualify for home refinancing with relaxations in eligibility guidelines and the increase in numbers indicate that HARP 2.0 is fast helping people to refinance homes whose values have dwindled. The FHFA, which regulates Fannie and Freddie, also revealed that in the month of May alone, 20% of refinancing loans approved were under HARP. This is the highest ever since the plan was initiated 3 years back and the main reason for this is the total scrapping of LTV ratio limits (earlier it was 125%) and changes to the DTI ratio limits as well. In any case, this may the best time to consider applying for a HARP 2.0 refinance.
Therefore, without wasting any further time, one needs to find out who is eligible for the HARP 2.0 plan of 2012. On the interest there could be firms which provide vital assistance to guide borrowers in navigating through the complex and rigorous HARP processes. Such agencies employ specialists who are well versed with the qualification criteria as well as the process requirements that apply to the HARP 2.0 procedure. As a result, by seeking their help, a borrower has the chance to get connected to some competent mortgage expert in his neighborhood who will assist him determine his eligibility and also enable him to prepare correct as well as accurate documentation which is to be submitted for improving chances of getting an approval. However, it could be important for an applicant to make sure that he has found a mortgage service provider that is totally reliable and reputable.
Obama-loanmodification is a leading mortgage service provider in the United States which has been in business for over seven years. Till date, the firm has helped tens of thousands of borrowers in qualifying for affordable mortgage interest rates and hence, significantly reduced monthly payments. Consumers, who are interested in determining their eligibility for home loan modification or refinancing, can visit their website at http/www.loansstore.com/
Apply For HARP 2.0 at http://www.obama-