Refinancing Available for Upside Down Mortgages

Dated: 07/29/2012

Views: 2709

The HARP (Home Affordable Refinance Program) program that was implemented in 2011 and then revised in March of this year is here to help upside down homeowners refinance to be able to take advantage of the lower interest rates that are available today.  In some instances you can actually refinance to the lower interest rate, cut back the years on your mortgage and keep your monthly payments the same, which will allow you to get out of PMI years quicker than originally scheduled through your current mortgage.

 This program was enacted to help the people that have stayed current on their mortgage even though they have lost so much of their equity and therefore would not allow them to refinance to take advantage of the historically low interest rates. Yes, even if you owe more than your house is currently valued you may qualify to take advantage of this program so that you too can benefit from the low interest rates that are available today!

Please go to this link: http://harp-gov.com/ to see the qualifications for this program, if it appears you qualify, check into it and take advantage of it!

 

 

Blog author image

Carolann Newton

I was a domestic paralegal for 8 years prior to Real Estate. Since I have been in Real Estate I have grown to love this business, even though it does have it's challenges; it is very exciting. There i....

Latest Blog Posts

Cost Of Maintaining A Lake Home

The Hidden Costs of Keeping A Lake Home: Tips for First-time Buyersby LUKE ANTHONY on MAY 26, 2017Before purchasing your dream house, you may have looked into the hidden costs of

Read More

Greenville Drive Schedule 2018

Living in Greenville, SC you have access to many fun activities to keep you busy! Don't miss out on what I consider one of the best things we have to offer! Click the link below to view Greenville

Read More

Dining On Lake Hartwell And Lake Keowee

Restaurants on Lake Hartwell and Lake Keowee are popular destinations this summerJake Grove, Anderson Independent MailPublished 8:00 a.m. ET May 16, 2018 | Updated 9:26 a.m. ET May 17,

Read More

Cat Cafe Greenville SC

Are you a cat lover? This is the place for you! Enjoy organic and vegetarian food, snacks and drinks all while playing with cats!  You can also enjoy feeding time with cats and many other

Read More