When the housing bubble burst, many people were stuck paying more for their homes than their market value. Thankfully, many of these homeowners now qualify for some relief thanks to the Home Affordable Refinance Program.
To refinance your home with a HARP Loan, you must meet the following criteria:
This all depends upon your specific circumstances. In most cases, refinancing your mortgage through the HARP program can significantly reduce your monthly payments. However, the closing costs could possibly be more than the amount you’ll save on your mortgage payments.
It’s important that the numbers are crunched correctly to determine just how beneficial a HARP Loan will be for you.
We have all the experience needed to help you determine just how much a HARP Loan will help you. That lower rate always sounds great, but if it costs more to close on the loan than it will save you in the long run, it doesn’t benefit you to refinance through HARP.
Thankfully, Southern Home Team will not only be able to tell you whether you qualify for a HARP Loan, but we’ll also be able to crunch the numbers for you to help you decide whether something like this will benefit you in the long run.
By applying over the internet with us, you can be sure that you’ll have every option available and all the info needed to make a money-saving decision.