Can The HARP 2.0 Mortgage Refinance Loan Program Work To Your Advantage? Find Now

However, replacing an existing mortgage with HARP 2.0 refinance program can prove to be beneficial for such homeowners also because the monthly mortgage would be reduced substantially for them too, according to prevailing mortgage interest rates.
By: obama-loanmodifications
 
ATLANTIC CITY, N.J. - July 22, 2013 - PRLog -- Not all home owners are exactly under pressure to keep up with the monthly mortgage responsibilities.

Home owners, irrespective of their present status on struggle for repayment, should definitely take advantage of the HARP 2.0 mortgage refinance loan program. Refinancing helps in securing a new, secure, affordable mortgage plan. The new plan would be more within the means of struggling homeowners and also more in tune to the prevailing mortgage interest rates, to suit even those who aren’t exactly struggling. Once an applicant qualifies for HARP 2.0 mortgage refinance loan, he or she benefits by paying less amount every month for the new mortgage repayment. This saves cash which can be better utilized for investments or repayment of loans to improve credit ratings. HARP 2.0 allows borrowers to refinance even when they are in the deep with underwater mortgages.  

Apply Here To Save Your Home, Get Qualified For HARP 2.0 Refinance Plan Today! http://www.obama-loanmodifications.com/refinance-application.php

Most mortgage problems can be solved through a better, more affordable loan plan. The HARP 2.0 mortgage refinance loan program is a part of MHA(Making Homes Affordable) program. MHA program houses some of the best techniques adopted by the US administration to lift the nation’s struggling housing market. With the announcement of an extension, till December 2015, for all the MHA programs, more and more homeowners are encouraged to benefit from the prevailing low interest rates on mortgages through the HARP 2.0 refinance option.

Homeowners interested in gaining insights into securing a mortgage refinance loan should know about the qualification guidelines. While applying for refinance through HARP 2.0, the existing mortgage should comply with certain conditions. They are:

Freddie Mac or Fannie Mae should own and back the present loan.
Fannie Mae or Freddie Mac should have taken responsibility for your loan on or before May 31, 2009.
The mortgage shouldn’t be a HARP refinanced one, unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
The ratio of the amount of the loan to the value of property (LTV) ratio must be greater than 80%.
The payment history of the past 12 months, for the loan, should be impeccable.

Click Here To Get Free Professional Assistance For Qualifying HARP 2.0 Mortgage Refinance Loan Program!Credit No Issues! http://www.obama-loanmodifications.com/harp-2.0.php

Hopeful aspirants can very well depend on expert guidance to understand the fundamentals of the application process. Not qualifying for the program could mean losing out on all the benefits of refinance. Therefore, guidance from competent professionals could mean not losing out on opportunities, for want of correct information. A team of competent loan refinance experts, who are well versed with the legal rules and regulations that apply to the HARP 2.0 refinance plan, can be found at www.obama-loanmodifications.com
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Source:obama-loanmodifications
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Tags:HARP 2.0 Refinance, Harp 2.0 Mortgage, Refinance Loan Program
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