Help for Homeowners - HARP

For the millions of homeowers that are still paying their mortgage, are not behind in their mortgage payments and are wondering when they will get a break, there may be a program that can help. The program is called Home Affordability Refinance Program a.k.a. HARP.

I had been hearing about the program for a while, but had not really investigated it. Shame on me for not looking into it for my clients, friends and family because this program could save many of us a lot of money each and every month!

I am now experiencing the program first hand and I must say I am impressed. We received a letter from our lender and my husband was curious enough to call. We will be refinancing our first mortgage from a 20 year mortgage at 6.125% to a 15 year mortgage at 3.75% and saving $500 a month in payments!

I am amazed at the simplicity of the program. We spoke with our loan servicer on the phone and answered a few questions and were pre-approved. He then sent us an email with three pages to print. We had to sign two pages and send them back with the declaration page from our homeowners insurance policy. There is no appraisal required and we had to state that we are working. Best of all, there is no cost to us, zero, nada!

I'm not sure if the zero cost is part of the HARP program or if this is a special that our lender is offering, but why not call your loan servicer today to see if you qualify? It is only a phone call and could save you money every month!

Click Here for more information on the program at the Making Home Affordable website.