Boynton Beach HARP Refinance

apply-now-today Apparently you have always been great with your home loan installments but for some reason there isn’t anyone who wants to allow your home to be refinanced due to its declined value? Well, there are ways to take out a refinance mortgage on your residence faster and better than ever before. Meet HARP, also known as the Home Affordable Refinance Program. So now you ask what exactly is a Boynton Beach HARP refinance mortgage loan?

Its Purpose

Launched in March 2009, Boynton Beach HARP refinance aims to be able to provide refinance mortgage loans to home owners which owned homes that dropped in value. This was primarily created to minimize the United States of America’s housing bubble of 2006. However this program was designed exclusively for home owners who are current on their home loan installments, but instead have been effectively paying their home loan off.

Who’s Eligible for a Boynton Beach HARP Refinance

Similar to other government program, Boynton Beach HARP refinance loans has a lot of basic requirements. Take a look at some: Only home loans secured by either FNMA or Freddie Mac are covered by HARP. Home Mortgages must have been applied for and acquired before May 31, 2009. Home owners must not have defaulted on any mortgage loan payments, for the 6 months prior to requesting a Boynton Beach HARP refinance loan. The loan-to-value ratio must exceed 80% In order to qualify there needs to be some benefit to the property owner regarding home loan payments or stability in mortgage.

How do homewoners benefit from HARP?

The HARP refinance has many measurable benefits. One example would be, if you still have a $150,000 home loan balance on a now $120,000 residence, you could have your mortgage remortgaged. As such, you pay the Boynton Beach home loan quicker than before. In addition, the monthly loan payments you make will most likely be much smaller than you are currently paying. If your home has gone down in value and you would like to do a refinance, then Boynton Beach HARP refinance is for you. If you require additional information, or if you would like to speak to an expert about Boynton Beach HARP mortgages, feel free to call us at (877) 442-4023 or complete our rate quote form.


 

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

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