Jeff Entratter has over 30 years of experience in helping people achieve their goals in the mortgage industry which includes new mortgages, reverse mortgages, and more. His mission does not stop from helping seniors obtain reverse mortgages they need as he is an expert at finance and residential mortgage industries. He also gives assistance to those who are seeking help for the HARP 2 program as his company is eligible for it.
What is HARP 2.0?
The expanded Home Affordable Refinance Program (HARP), also referred to as HARP 2 took effect last December of 2011 for borrowers w/a loan to value ration of less than a hundred and 25 percent (125) and in the 1st quarter of 2012 for borrowers with a loan to value ratio of greater than 125%.
Here’s a statement from Jeff Entratter Regarding Harp 2 Eligible Loans:
“Borrowers with HARP 2 eligible loans secured by Freddie Mac who have found it difficult to take advantage of this program should be heartened to know that Chicago Financial Services has secured a lending platform that will offer the same benefits that previously were being enjoyed mostly by Fannie Mae borrowers.”
The benefits as he mentioned include the ability to refinance without restriction on loan to value or in most cases with no appraisal. So what does this mean? Well, it can mean hundreds of dollars monthly savings. There are a number of borrowers across the country that can potentially benefit from this program.