Florida HARP Refinance

apply-now-todayHave you have always been great with mortgage payments but nobody wants to refinance your home due to its declined value? Well, there is a way to refinance your home easier and better than ever before. Meet HARP, also known as the Home Affordable Refinance Program. So what exactly is a Florida HARP refinance loan?

Its Purpose
Created back in March 2009, Florida HARP refinance aims to provide refinancing to homeowners whose home dropped in value. This was primarily created to counter the U.S. housing burst bubble of 2006. However, this program was created solely for homeowners who are not behind their mortgage payments, but rather have been effectively paying it off.

Just like any other government program, HARP has many requirements. Here is a closer look at some:

Only mortgages guaranteed by either Fannie Mae or Freddie Mac can be refinanced.
Mortgages must have been applied for and acquired before May 31, 2009.
Homeowners must not have defaulted on any mortgage payments, 6 months prior applying for Florida HARP refinance.
The loan-to-value ratio must exceed 80%

There must be some benefit to the home owners in terms of mortgage payments or stability in mortgage.

How do you benefit?
The HARP refinance has many measurable benefits. For example, if you still have a $150,000 mortgage on a now $120,000 home, you can have your mortgage refinanced. As such, you pay off the mortgage faster than before. Furthermore, the monthly mortgage payments you make will likely be much smaller than before.

If your home dropped in value and you want to refinance it, then Florida HARP refinance is for you. If you require further information, or would like to speak to an expert about HARP, feel free to call us on (877) 442-4023 or complete our rate quote form.



Contact Us


1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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