Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | What Do You Need to Know About HARP?Chip Poli, CEO of Poli Mortgage Group, Inc., explains what you need to know about the new HARP 2.0 program.
By: Heather Logrippo The Home Affordable Refinance Program (HARP 2.0) offers refinancing options for homeowners whose mortgage balances are higher than their home values. With the advent of HARP 2.0, you may finally be able to take advantage of falling interest rates and lower your dreaded monthly mortgage payments. Companies like Poli Mortgage Group, located in Norwood, MA, offer HARP 2.0 refinancing options to qualifying homeowners. Eligibility is contingent on a number of factors including; your credit history for the past 24 months, the type of property you own and its occupancy (do you live on the property, or is it an investment?), and whether you have previously refinanced with HARP. Applicants must also submit necessary documentation, which in many case may be limited to bank statements and homeowner's insurance. If you qualify for HARP 2.0, you may be eligible for up to 125% loan to value on your home. If you're a homeowner with little hope of securing today's historically low interest rates due to the size of your mortgage compared to the value of your home, investigate whether HARP 2.0 might be right for you. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|